Australia's largest stock trading and investment forum Australia's #1 stock forum

BRU

Click for more information

1.47%

6.7¢ buru energy limited

Ann: Operations Update - Rafael 1 Exploration Well, page-42

First 42 Last

Share
Profile

Follow
rabbi

229 Posts.

6

17/11/21

10:07

Post #: 57631718
Share

Originally posted by bhutos: ↑

This is the closest to another big commercial success they've been in about a decade, it's worth getting excited if it's tempered with the reality it still needs flow tests (and the reality of the capex/time involved in commercializing any gas). I wasn't really expecting obvious oil even though it appears most were so the market might not really rate it yet, but I expect it to wake up if flow tests are successful and once the size of the find and the amount of associated liquids is estimated. I still think half the posters here don't really understand how positive a conventional wet gas success here is. But I suppose I'm looking at it in a more holistic "overall Canning" basis. If you're just looking for that juicy oil hit to dip out then yeah, understandable.

Expand

Entirely agree with Bhutos. I'm sure Origin, with their experience will be able to commercialise this gas discovery if the economics stack up.
ie. If it's confirmed as a l find with a large reservoir and significant gas in place, flows like the clappers, LPG , and associated condensates, then Origin will get to market.

BRU Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
12 Upvote

0 Great analysis

Reply

Top Stories

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

NYR

Nyrada rat study shows no genotoxicity in brain injury drug NYR-BI03

NEU

Neuren sees FDA greenlight for 3rd trial into children with Phelan-McDermid syndrome

Arika to pump $3.2M into gold exploration at WA's Yundamindra following strong maiden program

CHM

Leukaemia patient shows complete response in Chimeric Therapeutics' latest trial

There are more pages in this discussion • 164 more messages in this thread...

First 42 Last

Add BRU (ASX) to my watchlist

(20min delay)
Last 6.7¢		Change -0.001(1.47%)		Mkt cap ! $52.65M

Open	High	Low	Value	Volume
7.0¢	7.0¢	6.7¢	$28.76K	426.5K

Buyers (Bids)

No.	Vol.	Price($)
1	432944	6.7¢

Sellers (Offers)

Price($)	Vol.	No.
6.8¢	16187	1

View Market Depth

No.	Vol.	Price($)
1	432944	0.067
7	820752	0.066
6	433943	0.065
5	406847	0.064
2	89365	0.063

Price($)	Vol.	No.
0.068	16187	1
0.070	35400	1
0.072	400000	1
0.078	58502	1
0.080	154473	3

Last trade - 14.01pm 07/10/2024 (20 minute delay)

BRU (ASX) Chart