Look Eric moved aside to let KW run BURU and the whole board thought Ungani 3 was a walk in the park, that was $45 million cock up and saw the share price drop from 1.90 to sub 40 cents.
Now Eric back but does he want to be?
I don't know.
But we actually have two stagnant projects here.
An lovely oil field that is how big and not flowing and no plans to define how big it is.
And
A possible world class tight wet gas play. That BURU can't afford to prove up.
Split the two
Give the tight gas project the Alcoa repayment and most of BURU cash.
Give the oil trend just enough to drill two delineation wells
wouldn't that be interesting?
BRU Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
