I think Buru need to focus on Raf and continue producing Ungani oil in its current state when the bridge is operational.
Buru need to attract and partner with a strong company under a fair and therefore generous valuation that rerates our worth by the market.
Only until our sp is much higher should they raise capital to fund an Ungani production upgrade that remains 100% ours. It's derisked and is a nice little earner with minimal Capex required to maintain current reservoir depletion.
Raf upgrade and development is the only priority other than generous deals with interested parties.
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I think Buru need to focus on Raf and continue producing Ungani...
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