Wow who would have thought to use a slim hole rig... Basically...

Wow who would have thought to use a slim hole rig...

Basically Buru now has limited funds and is now stuck trying to get the greenies and rampant Native Title owners in Broome to agree to allow oil exports from Broome.

I do hope they have a strategy B as I don't expect that to occur any time soon.

Then we have a dart board of yellow spots, just lovely but no cash to drill them and even if we have a major discovery like Ungani we have no method to export the oil economically.

No news on doing any long term tight gas/condensate production test, that's need to be done to get any possible farmin partner.

So with all this activity (not) we still have a 3 month staff bill of $1.2 million.

I can not see any reason to buy!