BRU 4.17% 4.6¢ buru energy limited

Ann: Quarterly Activities and Cash Flow Report September 2016-BRU.AX, page-3

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 27,685 Posts.
    lightbulb Created with Sketch. 4748
    Confirmed the export route is Broome: "Discussions in relation to a potential pathway to export the crude through the Port of Broome " Let's Go, Yatchy!!

    Confirmed in gas farmin talks: "discussions with potential farmin parties for the further appraisal and development of the resource"

    Both good to hear.

    Now...some kind of discrepancy in exploration program, I'm not understanding, seems to say they have 10 oil drilling targets from the review:

    "Native Title heritage clearances and environmental surveys for up to 10 of these prospects will be undertaken during the next quarter to ensure locations are available for drilling during the 2017 dry season. Preliminary discussions with rig contractors for supply of a suitable rig for the 2017 program have also commenced. "

    then says they are drilling one oil well plus one gas well stimulation:

    "applications have now been approved, with the result that there are no further permit work commitments in 2016, and the 2017 field work program consists of one exploration well and one well stimulation with production testing. "

    anyone clarify that for me, are they talking about different things? I'm a bit slow at this time of the week...
    Last edited by CEOChair: 28/10/16
 
watchlist Created with Sketch. Add BRU (ASX) to my watchlist
(20min delay)
Last
4.6¢
Change
-0.002(4.17%)
Mkt cap ! $35.61M
Open High Low Value Volume
4.8¢ 4.8¢ 4.6¢ $5.167K 111.4K

Buyers (Bids)

No. Vol. Price($)
4 377479 4.5¢
 

Sellers (Offers)

Price($) Vol. No.
4.6¢ 189161 1
View Market Depth
Last trade - 16.10pm 07/11/2024 (20 minute delay) ?
BRU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.