BRU 2.50% 7.8¢ buru energy limited

Ann: Operations Update - Praslin 1 Exploration Well, page-20

  1. 13,293 Posts.
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    There are probably 3 types on HC.

    The panic merchants who have a dabble hoping for instant success.
    The ones who wet their pants when any negatives pop up
    The holders who actually know why they bought in the first place.

    So the well was dry.
    We all know how hard it is to find producing wells in the oil game but in reality the main game is getting those fractured wells to produce enough gas and condensate t0 prove up the basin.
    That's where the real company making money is.

    A few thousand barrels of oil a day is chicken feed(although cash flow is bonus)so we take what we get from the trend if it happens.

    I am happy that finally we are going to test this tight gas and condensate that we might have sheet loads of.
    Selling that to a market is the main game.
 
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