The only thing L/T holders seem agreed upon is a) the possible O&G potential of this region and b) the failure of Buru management to manage and grow this company. Personally I have lost faith in them delivering unless there is meaningful change to the executive management or board. The presentation is just more of the same.. go back and have a look at some of the @2013+ presos and how much potential this management team was on the cusp of delivering... sure there was a moratorium of fraccing in the meantime, but consistently failing to deliver against published targets year after year should not be considered acceptable and I am not sure management recognise this issue. Considering the $$ spent over the years and our share of production now being @700 b/d it is not an impressive record, unfortunately I fear 2020 will be more of the same... Happy hols everyone.
BRU Price at posting:
17.0¢ Sentiment: Hold Disclosure: Held
