I don’t think they’d announce plans to restart Ungani production in the quarterly report. They mention the update on the Fitzroy crossing bridge works being ahead of schedule, but until firm opening dates are known there is no point pre-emoting anything with any announcements as there is still a lot outside of Buru’s control.
I agree that alternate export routes may be something they may look at for the Ungani oil, potentially via Broome Port with its upgrades and in conjunction with planned infrastructure for Rafael Phase 1 developments.. Would make sense and likely reduce production costs versus Wyndham.. However if this still looks like being a fair way off, my preference would be that they just restart production and sales via Wyndham to assist with near term cashflow..
BRU Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
