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11.4%

7.0¢ buru energy limited

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

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cruiser51

6,954 Posts.

1963

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 7.0¢		Change -0.009(11.4%)		Mkt cap ! $46.99M

Open	High	Low	Value	Volume
7.4¢	7.4¢	6.8¢	$117.5K	1.672M

Buyers (Bids)

No.	Vol.	Price($)
1	81932	6.9¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	14983	2

View Market Depth

No.	Vol.	Price($)
2	79396	0.068
1	10447	0.067
3	145500	0.066
3	676923	0.065
1	15609	0.064

Price($)	Vol.	No.
0.070	44879	2
0.071	297103	2
0.074	21584	1
0.075	100000	1
0.076	60000	1

Last trade - 14.17pm 30/09/2024 (20 minute delay)

BRU (ASX) Chart