BRU 5.06% 8.3¢ buru energy limited

Ann: Corporate Presentation-BRU.AX, page-144

  1. 6,650 Posts.
    That's a nice plan

    Issue is that those isolated towns already have gas electric power stations supplied expensively with LNG on multi year contracts.

    So no ready available market there. Zero domestic gas or industry that might burn gas. Remember WPL offered free gas to all of Perth residents so long as the industry paid world rates a few years ago.

    They need to prove up enough gas to justify the pipeline to port hedland which is already connected to NWS JV.

    But they stopped the testing on the first two fracked wells before steady flow state?

    Why ?

    And Yulleroo is where in this conversation.

    Meanwhile BURU has so much oil?

    Ungani field has been completely define?

    Not!!

    So where is BURU going to make return and achieve its potential?

    Ideally I would split the company in two IE

    BURU Oil

    And

    BURU Tight Gas

    With separate boards and ASX listings etc

    Guess what then we might see 100% focus at achieving econmic production and actually defining what we have.
 
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