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7.0¢ buru energy limited

Ann: Operations Update, page-28

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CanningSuperBasin

2,163 Posts.

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29/09/15

00:26

Post #: 16076571
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Originally posted by fullmetaljacket ↑

CSB you are putting the cart before the horse. First you prove up reserves. Second you nail down a market, for the gas (the liquids don't need marketing). Then and only then, you put together a development plan based on reserves and other factors. Much of this preplanning has been done and discussions held with potential gas buyers. These guys at BRU have not been sitting around gazing out the window, so when the reserve numbers become clearer , things will move fairly quickly.
If they prove up 20 or 30 TCF gas , none of this will be their problem because they will almost certainly be taken over.
Consider the silly offer WPL made for OSH recently. It may just be that BRU have considerably more gas sitting right on WPL's doorstep.
OOPs , like you I am getting ahead of myself.

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FMJ,
Your choice of words "when the reserve numbers become clearer", indicate a grey timeline. This grey supports the very reason i chimed in with my 2c initial post, and believe there is no hurry for buyers to gorge.

As for a takeover, i suppose only seasoned veterans would know who, when, and how much we hungry orphan bruthers deserve to get for years suffered in the Canning orphanage.

Also, i didnt really think Buru have been gazing out the window.

BRU Price at posting: 38.0¢ Sentiment: Buy Disclosure: Held
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Last 7.0¢		Change 0.002(2.94%)		Mkt cap ! $52.65M

Open	High	Low	Value	Volume
7.0¢	7.0¢	7.0¢	$2.274K	32.49K

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No.	Vol.	Price($)
2	46953	6.8¢

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Price($)	Vol.	No.
7.0¢	400000	1

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No.	Vol.	Price($)
1	32353	0.068
2	110000	0.067
5	780449	0.066
6	433943	0.065
7	454947	0.064

Price($)	Vol.	No.
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0.078	58502	1
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0.082	173913	1
0.084	128205	1

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