I was surprised to hear recently something that was being discussed in the background regarding Buru. Due to a disagreement on the valuation of our assets by another entity nothing transpired. So if what i heard is correct, Buru has protected us from a less than deserved outcome.
The 3D and appraisal will almost certainly rerate our worth to the upside imo. The farm-in will reflect some of any upside determined through 3D analysis.
There hasn't been any announcement regarding 3D delay so i presume its commenced.
Ann: Buru regains full ownership of Ungani Oilfield, page-29
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