BRU 1.18% 8.4¢ buru energy limited

The elephant in the room., page-87

  1. 5,181 Posts.
    lightbulb Created with Sketch. 1173
    We are getting way off topic here. BRU needs to put out further clarification on when we might see some testing on Raffa . ORG’s approval processes do not take this long . Speaking of ORG , it seems that they are very busy with their Beetaloo Basin project , having just made an announcement regarding their progress with local indigenous groups , and plans for drilling and fracking. From the photos they are clearly doing a lot of work there.
    This next bit is not an “I told you so “ moment , but I do remember discussing with CEO the merits of a decent cap raise and drilling the best targets ourselves rather than farming out . That was my preferred way forward . CEO also had good reasons for farming out and sharing the risk , but we never considered that the farminee (ORG) would be a risk . It turns out that they are . As you will know I am no longer a shareholder but I plan to get back in at some point because I believe there is plenty more wet gas and maybe oil in BRU’s permits. Somebody needs to ask Eric what is happening and how long can ORG hold things up . Furthermore does he consider that ORG may have a conflict of interest between Beetaloo and Canning Basins . Finally, can BRU go sole risk and test Raffa and do further appraisal drilling ?
    In the meantime we continue to flatline .
 
watchlist Created with Sketch. Add BRU (ASX) to my watchlist
(20min delay)
Last
8.4¢
Change
-0.001(1.18%)
Mkt cap ! $56.39M
Open High Low Value Volume
8.4¢ 8.7¢ 8.1¢ $30.61K 364.8K

Buyers (Bids)

No. Vol. Price($)
3 60826 8.0¢
 

Sellers (Offers)

Price($) Vol. No.
8.5¢ 51893 2
View Market Depth
Last trade - 16.10pm 03/09/2024 (20 minute delay) ?
BRU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.