Ann: Farm-out of High Impact Rafael Shallow Exploration Well, page-7

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CEOChair

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05/08/24

09:46

Post #: 75068670
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Originally posted by speculator101 ↑

This announcement is worth coming out of the cave for @CEOChair. While I will give you 90% of the credit CEO, I do feel there is need to allocate some percentage to the rest of the Buru team.

I can honestly say, what a great result, I think the MD has done as good a deal as possible, though I would love to know who the other parties were who also put in offers.... makes me wonder, is there enough demand to see farmouts occur for the rest of Buru's tenements?

100% free carry shows just how positively Sabre view this prospect, though it also gives them a very enviable 'option' on the rest of the tenement.

It also keeps things very simple. Operator Ungani, same farm in partner. Though... the only potential down side is Sabre may not have the same sort of financial muscle larger players would have, but.... I hope that will be outweighed by their clear interest to actually just drill wells....

Drill will start this quarter.... that.... is bloody pleasing above all else, it's why.... I think 99% of us here anyway.

Good luck to all holders.

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My assumption is Sabre have access to private equity markets and therefore have unlimited & incognito ammo should they need it for the Deep partnership. What do you make of the 25% split thing? Haven’t quite got my head around it, but seems to allow possibility of introducing A.N Other partner if needs be?

Last edited by CEOChair: 05/08/24

BRU Price at posting: 8.5¢ Sentiment: Buy Disclosure: Held
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Ann: Farm-out of High Impact Rafael Shallow Exploration Well, page-7

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Ann: Farm-out of High Impact Rafael Shallow Exploration Well, page-7

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