Ann: Approval of Key Native Title Agreement-BRU.AX, page-11

First 11 Last

Share
Profile

Follow
WhiteNoise

6,650 Posts.

06/09/16

11:39

Post #: 18957933
Share

Originally posted by CEOChair ↑

Forward program in QR set out next stages. Can anyone hazard a guess at cost of the immediate work set out here and confirm this could now be done immediately under current JV arrangements? How much do Buru need to contribute, if any?

Buru has identified a relatively modest operational program that has the potential to increase the Contingent Resources by up to 3 TCF in the area of the evaluation and if this was achieved, further work would then focus on the commercialisation pathway.
In Buru’s view, the work program leading to confirmation of a higher Contingent Resource volume is likely to include the further flow testing of the Valhalla North 1 and Asgard 1 wells, and the drilling of an additional well with a horizontal section.

then they move ahead as follows. I assume it's at this point we require farm-in style funding, in the order of hundreds of millions, or anyone think JV can continue to go it alone? Just asking, even if we could, I would imagine it's more a question of spreading the risk and farm-in is most desirable option:

Subject to the success of this Contingent Resource program, Buru is of the view that a further pilot program consisting of the drilling of a number of wells from a central pad could lead to the establishment of a local supply project probably using a compressed natural gas (“CNG”) system. This project would then allow the conversion of Contingent Resources to Reserves and the scaling up of the project.

A full scale project delivering gas into the Pilbara and the Southwest would be able to supply a significant proportion of WA’s future domestic gas needs. Planning for the forward program is underway

I am sure they will be lining up down the street outside Eric's office considering there are no native title questions after today and the economics are compelling:

As expected, individual zones in the more liquid rich sections of the wells appear to have higher liquids content. The excellent quality of the gas means it will not require any substantial processing before sale except for removal of the high value liquids content for separate sale.

Expand

Yep there you go

If they had kept the gas flow test going though the last wet season for incremental small cost we have that information already.

Yet again it show that BURU operation team are failing to deliver.

BRU Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

HYT

Twiggy Forrest to acquire 40% of native hydrogen explorer – not long after putting Fortescue Future Industries to sleep

EBR

EBR reaches review milestone for wireless cardiac pacing device

I88

Infini rolls on with soil sampling at Portland Creek not long after making possible 'uranium history'

TLG

Talga expands Prospectus Offer to $9M, banks $18.5M overall since end of financial year

Results wrap: Austal, TPG Telecom and Downer

There are more pages in this discussion • 112 more messages in this thread...

First 11 Last

Add BRU (ASX) to my watchlist

(20min delay)
Last 7.6¢		Change -0.013(14.6%)		Mkt cap ! $51.02M

Open	High	Low	Value	Volume
8.3¢	8.3¢	7.6¢	$42.17K	523.7K

Buyers (Bids)

No.	Vol.	Price($)
1	8326	7.6¢

Sellers (Offers)

Price($)	Vol.	No.
8.1¢	14544	1

View Market Depth

No.	Vol.	Price($)
1	4625	0.084
1	135000	0.083
1	35000	0.081
1	109600	0.079
1	6384	0.078

Price($)	Vol.	No.
0.081	14544	1
0.083	26817	1
0.088	109500	3
0.089	18014	3
0.090	160853	3

Last trade - 16.10pm 29/08/2024 (20 minute delay)

BRU (ASX) Chart

Ann: Approval of Key Native Title Agreement-BRU.AX, page-11

Twiggy Forrest to acquire 40% of native hydrogen explorer – not long after putting Fortescue Future Industries to sleep

EBR reaches review milestone for wireless cardiac pacing device

Infini rolls on with soil sampling at Portland Creek not long after making possible 'uranium history'

Talga expands Prospectus Offer to $9M, banks $18.5M overall since end of financial year

Results wrap: Austal, TPG Telecom and Downer

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Approval of Key Native Title Agreement-BRU.AX, page-11

Top Stories

Twiggy Forrest to acquire 40% of native hydrogen explorer – not long after putting Fortescue Future Industries to sleep

EBR reaches review milestone for wireless cardiac pacing device

Infini rolls on with soil sampling at Portland Creek not long after making possible 'uranium history'

Talga expands Prospectus Offer to $9M, banks $18.5M overall since end of financial year

Results wrap: Austal, TPG Telecom and Downer

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News