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Ann: LOI Executed for Canning Basin Drilling Campaign, page-53

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CEOChair

27,723 Posts.

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21/08/24

13:18

Post #: 75304452
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Originally posted by occam ↑

Yachty, I think NopeRope main message is that he would like to hear that BRU has locked in the rig with a signed contract. Until that is done , nothing is going to happen. Usually an LOI has a drop dead date by which the oil company must sign a contract or the rig company can move on to another client. I am not saying that is the case here but we don’t know . Maybe Tom is not willing to sign that contract until BRU has locked in a farminee for Raffa Shallow and/or Sabre show us some money. Sorry to sound a bit pessimistic but the words Buru and Delay nearly always go together .

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BRU has locked in a farminee for Shallow

Originally posted by yatchy ↑

I recon 5days worth of drilling max in each well maybe 10days for rig up to rig down on a P&A basis who cares how long if they come in so plenty of time !!!!

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Your problem is you know what you’re on about

BRU Price at posting: 8.8¢ Sentiment: Buy Disclosure: Held
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