re: Ann: Apache farms-in to coastal and easte... An excellent outcome for BRU shareholders.
The Coastal permits were never a core asset, however, having such an experienced player like Apache come in to hopefully develop the Goldwyer shale play reduces the risk whilst ensuring that exploration and development actually occurs within a decent time frame (2 years drilled next year).
It also obviously eliminates any funding that would have been required from BRU.
As for the Acacia plays. I and others have posted in the past, that well costs are much higher in the southern part of the basin, as compared to the coast. Hopefully when I and others have time, a further break down of what Apache is funding will make it clear that the value is bigger than what some may think, especially if the exploration wells are successful. From memory, some of the conventional targets may host fields upto 200 mmboe.
It never hurts to reduce your funding commitments by 10 of millions of dollars while accelerating exploration. Of course, they are reducing their exposure to the upside, but there was no upside without wells being drilled.
- Forums
- ASX - By Stock
- BRU
- Ann: Apache farms-in to coastal and eastern deser
BRU
buru energy limited
Add to My Watchlist
11.5%
!
2.3¢

Ann: Apache farms-in to coastal and eastern deser, page-7
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
2.3¢ |
Change
-0.003(11.5%) |
Mkt cap ! $17.92M |
Open | High | Low | Value | Volume |
2.5¢ | 2.5¢ | 2.3¢ | $38.78K | 1.648M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 473019 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 355000 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 473019 | 0.023 |
15 | 703454 | 0.022 |
8 | 410000 | 0.021 |
4 | 542904 | 0.020 |
2 | 500000 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 128410 | 3 |
0.025 | 355000 | 3 |
0.027 | 677156 | 3 |
0.028 | 290571 | 2 |
0.030 | 177807 | 1 |
Last trade - 16.10pm 07/07/2025 (20 minute delay) ? |
Featured News
BRU (ASX) Chart |
The Watchlist
AGC
AUSTRALIAN GOLD AND COPPER LTD
Glen Diemar, MD
Glen Diemar
MD
SPONSORED BY The Market Online