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4.8¢ buru energy limited

Ann: LOI Executed for Canning Basin Drilling Campaign, page-87

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28/08/24

20:07

Post #: 75422096
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Originally posted by CEOChair: ↑

I checked the last drilling campaign in 2021 (yes, 20frikin21) which started with Currajong before moving onto discover Rafa. There was a LOI Ann in April about 8 weeks before Currajong spud in June and there was never any Ann to confirm the contract was finalised or signed and it was never mentioned again in any of the pre-spud Anns regarding rig mobilisation and site prep etc. So don’t expect it for Shallow and I wouldn’t read anything into it. We’ll hear when the rig has been mobilised and we’ll hear when it spuds and that’s all we need to know.
The drilling rig for the three well 2021 Canning Basin program has been confirmed as
Ensign Rig 963,
A Letter of Intent has been agreed with Ensign including a deposit for initial rig
mobilisation, and the formal rig contract is being finalised
Spud date of the first well, Kurrajong 1, on track for early to mid-June with site
construction underway

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That is not the case CEO. Check the announcement on May 28 th 2021.
In any event I am sure Thomas will want to say something positive and will announce when a contract is signed.
BRU Price at posting: 8.9¢ Sentiment: Hold Disclosure: Held
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