We will also investigate linking a portion of Directors remuneration to share price.
This gas business, based on the Rafael gas and condensate discovery has the potential
to generate annual free cashflows from 2028 well in excess of our market capitalisation
today.
Regarding the helium and hydrogen exploration company 2H Resources, and the battery
minerals exploration company, Buru Energy will monetise and exit these entities as soon
as practicable having derisked them sufficiently ahead of a period of higher required
spend….As the next phase of activity will be more capital and resource intensive, it is the right
time to monetise the entity. We have been reviewing existing proposals with a view to
divest as soon as appropriate.
Named Rafael B, this new well has the potential to add approximately 6 times the
volumes of the 1C Contingent Resource volumes which are the basis of the Rafael
Project, and also provide backup for flow assurance for the project.
BRU Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
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