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9.0¢ buru energy limited

Ann: Operations Update, page-154

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19crowe45

1,467 Posts.

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15/07/22

12:11

Post #: 62552808
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Originally posted by CEOChair: ↑

Makes little sense on face value to me, Yatchy. Can’t drill appraisal wells next time without targets being identified this time… so I don’t believe what we’re being told is the whole story. It’s been 2 weeks since ORG were said to “require additional time to consider the required internal approvals” having only had all eternity and then some … there has to be more than simply signing off on the 3D Seismic and the Rafa Proper Test, but whether ORG are proposing something to BRU or the other way round or both, who knows… I assume “This unexpected delay has the potential to cause the seismic operations to be deferred to the first half of next year” is Eric’s way of forcing ORG’s hand in the negotiations rather than anything else. Markets hate uncertainty, so quicker it can be resolved the better and we should head straight back to the 20s.
#YourGuessIsAsGoodAsMind

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Do you think it's possible that a lot of things have been put on the back burner awaiting the arrival of the new CEO? No later than September, I think it was reported???

BRU Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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Last 9.0¢		Change 0.007(8.43%)		Mkt cap ! $60.42M

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Price($)	Vol.	No.
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Price($)	Vol.	No.
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0.090	5999	1
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0.095	44859	3

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