BRU 3.85% 7.5¢ buru energy limited

Ann: Farm-out of High Impact Rafael Shallow Exploration Well, page-17

  1. 535 Posts.
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    Finally there is a partner in place, although not surprising.

    Wondering why the deals were done in 2 announcements even? same partner, 50:50 for 6M - poor deal, similar to Ungani - only thought is better than nothing. Market does not seem to be interested at all although too early to confirm, will wait and see a couple of weeks for the info to be absorbed by larger players. Any CR at these levels will be more disaster and seal our fate, now only hope is the success of the wells, which we are all hopeful.
 
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