BRU 1.30% 7.8¢ buru energy limited

Ann: Quarterly Activities and Cash Flow Report - March 2023, page-33

  1. 2,134 Posts.
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    It's hard to believe Rafael-1 doesn't lead to the biggest, sweetest, wettest onshore collective gas discovery in Australia. Surely, a random formation like Raf doesn't exist without other traps based on nearology.
    The basin is f huge and barely explored. Once an initial pipeline is commissioned for export, it'll open up subsequent discoveries (including Yulleroo) to feed into it. The 'stranded asset' becomes a world class asset.
    You either park your money in BRU with monk-like patience, and/or you jump onboard as momentum and sp react to significant news flow.
    At this stage of the discovery, it feels relatively safe with little downside continuing to hold.
 
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