At the conference here are my thoughts
Buru
Now only oil production, 1,000 bopd and Ungani field only produced 600,000 barrels.
Wants to flow 1 million barrels per year.
Conventional plays.
Wants to be self funding, margin AUD 30 per barrel at AUD/USD 75 cents so high exchange rates hurts.
Hope to have AUD 30 million net cash per year if flow rates come in.
Want to drill the defined 3D prospects with sizes up to 100 million barrels in 2018.
Worth watching the current well results
At the conference here are my thoughts Buru Now only oil...
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9.8¢ |
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Mkt cap ! $65.79M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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9.7¢ |
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| Open | High | Low | Volume | ||
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| Last updated 15.59pm 03/05/2024 ? | |||||
| BRU (ASX) Chart |