Still feel the oil field operations at Victory 1 were just amateurish and that's me being polite.
Blind Freddy could see that terrible result occurring ie no testing possible and I sure I brought it up when the well was drilling.
Then BURU appear to be delayed payer of operations expenditure, which appears good for Buru cash in the bank but its doesn't make contractors jump to do your next job in my view.
No idea what Buru expect from engaging these expensive resource guys to work out what the tight gas/condensate wells might have proved up. As they have no certainty of flows rates. In my view a waste of time and Buru should keep testing during the wet. Or are we look at another Yulleroo 2 which was over fracked and never cleaned up.
No talk about cutting back on the salary packages for various board members either.
Would I buy here?
Not yet as the oil shares are so on the nose right now and what going to get me excited?
BRU Price at posting:
19.5¢ Sentiment: Hold Disclosure: Not Held
