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5.88%

8.0¢ buru energy limited

Twiggy move on Canning Basin, page-24

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CanningSuperBasin

2,110 Posts.

921

02/11/16

15:43

Post #: 20316305
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Originally posted by WhiteNoise ↑

Good question.

I think he wants to do his own thing with Goshawk, IE the 80-20% split

Obviously Goshawk bent Twiggy ear to promote the Canning land grab and I expect Goshawk is free carried during the SPA-AO terms.

Farming into which BURU play oil or tight gas.

Well meaningful farmin for BURU has to be

1, oil play what two wells cost say $20 milllion

2, tight gas say 1 horizontal well cost say $25 milllion

What percentage would BURU and Mitsubishi sell together 50%?

Can't be just BURU farming down as they be left with to small a percentage.

So farmin to both = $45 million

Or take out BURU.

Current market cap $68 million, offer 28 cent IE $100 million deal done.

Then squeeze Mitsubishi and REY out by do rapid exploration program.

That's what he should do.

Bottomline Ungani field (which is how big? ) would pay for the takeover.

Get tight gas and all the 3D seismically defined Ungani trend prospects for free!

Expand

Did you just state “offer 28 cent"... deal done?
That is quite possibly the single most ridiculous thing I've heard in recent times.
Come on WN, you're a technical man, not a numbers man aren't you?
A very defining moment in your judgement i think.
Just mho.

BRU Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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Last 8.0¢		Change -0.005(5.88%)		Mkt cap ! $53.70M

Open	High	Low	Value	Volume
8.3¢	8.3¢	8.0¢	$198.0K	2.469M

Buyers (Bids)

No.	Vol.	Price($)
3	712125	8.0¢

Sellers (Offers)

Price($)	Vol.	No.
8.5¢	47868	1

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No.	Vol.	Price($)
3	712125	0.080
2	58000	0.078
2	50000	0.077
1	65000	0.076
1	10000	0.075

Price($)	Vol.	No.
0.085	47868	1
0.087	8000	1
0.090	50000	1
0.094	140000	2
0.100	377653	3

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