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Yep there you go If they had kept the gas flow test going though...

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WhiteNoise

6,650 Posts.

06/09/16

11:39

Post #: 18957933
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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.

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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
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Yep there you go If they had kept the gas flow test going though...

Strike Energy secures $153 million for Perth Basin gas projects

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

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Emyria's Empax Centre chosen for mental health clinical trial

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Yep there you go If they had kept the gas flow test going though...

Top Stories

Strike Energy secures $153 million for Perth Basin gas projects

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

Frontier Energy achieves key milestone for Waroona energy project

Belararox delineates another porphyry in Argentina at Tambo South

Emyria's Empax Centre chosen for mental health clinical trial

Cultural heritage agreement puts Walford Creek exploration back on the map

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News