BRU 5.68% 8.3¢ buru energy limited

Ann: Buru presents at Kimberley Economic Forum, page-12

  1. 2,076 Posts.
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    Our staged development is clever and will reward us sooner and in the longer term by keeping our leverage strong throughout negotiations. It's WA Govt friendly in that it aims high with green credits and first production immediately starts to fulfill our reservation obligation while simultaneously improving Kimberley emissions with our, cleaner than diesel, gas supply.
    Ungani will continue to produce solid cash flow, and when the time is right for Buru, they'll probably initiate a multi-well campaign to extract remaining isolated compartments. Makes sense that the campaign ultimately leads to our new route to Broome storage tanks which may be blended with our stabilised condensate.
    By the time our LNG export facility is commissioned, global market demand and oil linked LNG prices are likely to be much higher as global hoarding of energy intensive commodities is in full swing.
    Feeling pretty excited about being an early mover on BRU and that hindsight will be a cool story to tell.
 
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