BRU 0.00% 8.7¢ buru energy limited

Ann: Quarterly Activities and Cash Flow Report March 2016-BRU.AX, page-22

  1. 11,882 Posts.
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    Cujo. Its just part of the deal with holding tenements, over time the holders need to decide which parts are the best and discard the rest (so they are not giving up the Blocks themselves, just the parts that dont hold good prospects or the BCGA). Then over time it will be slapped together and put up for others to secure as new tenements. BRU does not have to do so with its other tenements, because its covered by the state agree which lasts 25 years. I think it years to come, depending on what the POO does etc. BRU will look to pick up some of the acreage it has released over the past 18 months, as the work programs to secure them will be much, much reduced.

    All IMHO.
 
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