BRU

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AGM - thoughts, page-7

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CEOChair

26,754 Posts.

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19/05/22

09:55

Post #: 61493818
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Originally posted by occam ↑

I tend to disagree Christem.
CCS is already being done by companies like Chevron and many others are planning to get into that space. BRU has been given a grant by the govt and BRU has to match the govt contribution. So at this point it will be money out the door for us .
BRU needs to focus on its core competencies ,….finding oil and gas . At this point BRU has no chance of developing a CCS project and shouldn’t be wasting money on it.
The same goes for its other distant utopian dreams. I am not that concerned though as they will just slip away like so many other plans ,…..remember the annual promise to test Yulleroo .
Eric was at the helm when Raffa was discovered but it is unlikely that he actually mapped it by interpreting the seismic . It was probably his exploration manager. Bringing ORG in has yet to deliver for us , apart from them funding the exploration budget this year. I remember a couple of years ago when CEO and I had a discussion about whether we should have a decent capital raise and drill all our prospects 100% BRU account , (my option) , or farm out , (CEO’s option). Not an easy decision for a small company , but that’s the oil business,….no guts no glory. I would have certainly taken an option on the rig to keep it for another well rather than let it go south , but maybe that wasn’t our call if our big partner calls the shots .
Hopefully, somebody that is going to the AGM can give us a summary of what transpired including whether any of the sheeple turned into wolves and asked some hard questions .

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you can watch it and ask if the workover rig has been booked yet or why else should you take up your entitlement here:

https://meetings.linkgroup.com/BRU22

10.30am WST
12.30pm EST

Last edited by CEOChair: 19/05/22

BRU Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
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Last 8.9¢		Change 0.008(9.88%)		Mkt cap ! $59.75M

Open	High	Low	Value	Volume
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AGM - thoughts, page-7

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