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BRU

8.89%

4.9¢ buru energy limited

I wait till they spud and sell 50% before hitting target depth,...

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cruiser51

6,976 Posts.

1975

13/08/24

19:16

Post #: 75190924
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Originally posted by occam: ↑

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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I wait till they spud and sell 50% before hitting target depth, just to reduce the risk.
Because it's shallow, shouldn't be too long.

BRU Price at posting: 9.1¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 4.9¢		Change 0.004(8.89%)		Mkt cap ! $37.94M

Open	High	Low	Value	Volume
4.7¢	4.9¢	4.7¢	$1.248K	26.15K

Buyers (Bids)

No.	Vol.	Price($)
1	56521	4.7¢

Sellers (Offers)

Price($)	Vol.	No.
4.9¢	229955	3

View Market Depth

No.	Vol.	Price($)
1	56521	0.047
1	40000	0.046
2	250077	0.045
2	25000	0.044
4	316870	0.043

Price($)	Vol.	No.
0.049	229955	3
0.050	105500	3
0.051	10000	1
0.052	175950	1
0.058	21706	1

Last trade - 16.10pm 01/11/2024 (20 minute delay)

BRU (ASX) Chart

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I wait till they spud and sell 50% before hitting target depth,...

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