BRU 1.16% 8.7¢ buru energy limited

quite a few of BRU’s early wells were geological successes but...

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    quite a few of BRU’s early wells were geological successes but required fracking . Our state govt approved fracking but subject to the govt issuing fracking procedures , which has never happened but it did temporarily appease the Greens . BRU has now moved on and relinquished most of the tight gas prospects and wells and that area has been taken up by BME . Anyway, BRU now has a better understanding of the hydrocarbon source kitchen , the migration pathways , and trapping mechanisms for conventional liquids rich gas and oil. With this in mind I would think that the POS is now between 30 and 40%.
    As soon as we lock in a rig and Sabre pay their first cash call , I will pick up a few more shares.
 
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