BRU 3.66% 7.9¢ buru energy limited

That is how I think it came accross. They are excited about the...

  1. 415 Posts.
    That is how I think it came accross. They are excited about the Ungani trend. As I said earlier, Ungani North will not flow at the same rate as Ungani (and probably the reason for the SP drop), but they now tested two structures, both with oil. The law of probabilities is in our favour and I think there will be other good targets. ES also seemed to be excited about the good seal at Ungani North, but just the porosity is not as good. I think he said :" Ungani North is not as good as Ungani, I think that is clear from our announcements". Anyway, I am also looking forward to drilling in the Acacia region with is also on the flanks of the basin, similiar to Ungani, and they apparently have some really good targets there. I also left the AGM felling really confident, that this investment is a good choice, not too worried about the short term sp fluctuations.
 
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