Buru hasn't given any indication on timing of pipelines and development wells yet that I've seen, but I recall a large chunk of money for the commercial development is to come from Mitsubishi (eg more than their 50% working interest), so I'd be very surprised if this isn't progressed quickly and the field producing in its optimal configuration within 2 years.
For what it's worth, I reckon the market had already taken all this for granted and already priced in today's announcement.
IMO the only things that can boost the share price this year are:
1. Increase in oil price
2. Exploration drilling success
3. Strong flow rates from the Laurel gas testing
BRU Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
