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6.6¢ buru energy limited

Ann: LOI Executed for Canning Basin Drilling Campaign, page-28

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CEOChair

27,499 Posts.

4717

12/08/24

16:56

Post #: 75172704
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Originally posted by godzilla888 ↑

Prediction

Its kind of obvious the strategy - and the granted ROFR on the RAF DEEP farm-out is the clue

ROFR could work two ways - eg nobody bids as wouldnt win anyway or huge deal to blow them away.

Ideal is two deals - one for RAF and one for regional exploration (seismic and wells)

Primary strategy is for Sabre to confirm the basin as significant O&G play and then BPT moves to acquire maximum equity once mega resource potential is confirmed.

So see Sabre as test case - eg grab shallow oil rights, then participate in / fund deep gas and deep gas exploration - prove the concept and grab 50% of play.

BPT only gets involved after RAF appraisal and swoops to clean up the other 50% >> minorities eg the whiners

Not a terrible outcome if we get 2H shares prior and the bid ratio is good (eg at least 1:1).

Tom installed as MD/CEO of new company called…. SUBARU

Question is will other players sit idly by, while ACE/SABRE/BPT clean up???

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FY24 $475m statutory net loss for Life On The Beach today, smashed 12%

BRU Price at posting: 8.6¢ Sentiment: Buy Disclosure: Held
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Last 6.6¢		Change -0.002(2.94%)		Mkt cap ! $51.10M

Open	High	Low	Value	Volume
6.8¢	6.8¢	6.5¢	$95.05K	1.443M

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No.	Vol.	Price($)
1	6284	6.5¢

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Price($)	Vol.	No.
6.7¢	907	1

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No.	Vol.	Price($)
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2	410000	0.064
3	40873	0.063
6	227274	0.062
1	10000	0.061

Price($)	Vol.	No.
0.067	907	1
0.068	189476	1
0.069	151557	2
0.070	18791	1
0.071	11000	1

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