BRU

1.16%

8.5¢ buru energy limited

thanks spec - on a side note, ungani was announced as an oil...

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TheGoss31

218 Posts.

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13/10/21

08:26

Post #: 56754447
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Originally posted by speculator101: ↑

Hey Goss.
I estimate they will be sitting on about $30m for Sept 30.
(though it could be higher, with more costs to come in the Dec Q).
Either way, ORG are paying the lions share of costs, though I dare say Rafa is going to be perhaps 10% over if it keeps wearing out the drill bits.
I think you numbers are fine for production, albeit, it will be slowly declining.
2022 should be covered, even with drilling occurring outside the Canning basin (but impossible to know for sure, as BRU is suddenly more than an oil exploration company). As for the quarterly... I feel on average, it will be an interesting read, but... not a price mover at all. Would be great to see some movement on activities outside the Canning (just from an interest perspective).

At this stage, I can almost chuckle at the amount of times I have had the share price fall this heavily in the past 11 years
(and no... I don't enjoy seeing it fall!). Though I suppose, that is because BRU has drilled quite a lot of wells, compared to... well... any other ASX based explorer.

We are only here once and I have pretty much decided a while I ago, I was with Eric on trying to crack the Canning... whatever the outcome. Not sound financial advice, but Buru is basically my vice now!

Good luck to all holders... Rafa would likely change lives it's a discovery, but... most know, the chances are low.

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thanks spec - on a side note, ungani was announced as an oil discovery 18 oct 11 (and the last one arc made 10yrs before that) https://www.buruenergy.com/site/PDF/ff777d4d-b843-4d60-9c5b-9aa453af2c35/Ungani1ST1OilDiscovery

maybe Rafa will be the 1 every 10yrs

BRU Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
12 Upvote

0 Great analysis

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Last 8.5¢		Change -0.001(1.16%)		Mkt cap ! $57.06M

Open	High	Low	Value	Volume
8.5¢	8.5¢	8.5¢	$8.432K	99.19K

Buyers (Bids)

No.	Vol.	Price($)
3	206000	8.2¢

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Price($)	Vol.	No.
8.6¢	112361	2

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No.	Vol.	Price($)
3	206000	0.082
2	58000	0.081
1	100000	0.080
2	50000	0.077
1	10000	0.075

Price($)	Vol.	No.
0.086	112361	2
0.088	6236	1
0.089	157022	2
0.090	116000	3
0.094	30000	1

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BRU (ASX) Chart

thanks spec - on a side note, ungani was announced as an oil...

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thanks spec - on a side note, ungani was announced as an oil...

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