Buru hasn't given any indication on timing of pipelines and development wells yet that I've seen, but I recall a large chunk of money for the commercial development is to come from Mitsubishi (eg more than their 50% working interest), so I'd be very surprised if this isn't progressed quickly and the field producing in its optimal configuration within 2 years.
For what it's worth, I reckon the market had already taken all this for granted and already priced in today's announcement.
IMO the only things that can boost the share price this year are:
1. Increase in oil price
2. Exploration drilling success
3. Strong flow rates from the Laurel gas testing
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- Ann: Approval of Final Native Title Agreement for Ungani Oilfield
Ann: Approval of Final Native Title Agreement for Ungani Oilfield, page-7
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Last
7.5¢ |
Change
-0.005(6.25%) |
Mkt cap ! $53.70M |
Open | High | Low | Value | Volume |
7.9¢ | 7.9¢ | 7.5¢ | $34.32K | 451.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 54354 | 7.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.4¢ | 60190 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 54354 | 0.075 |
1 | 10000 | 0.074 |
2 | 107142 | 0.070 |
2 | 108500 | 0.060 |
2 | 130000 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.084 | 60190 | 1 |
0.085 | 31893 | 1 |
0.087 | 88369 | 2 |
0.089 | 93230 | 1 |
0.090 | 167852 | 5 |
Last trade - 12.29pm 05/09/2024 (20 minute delay) ? |
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