BRU 1.49% 6.8¢ buru energy limited

I don't think the 1C & 2C condensate numbers are any bigger than...

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  1. 1,960 Posts.
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    I don't think the 1C & 2C condensate numbers are any bigger than Ungani oil left to extract. Tom almost gave that away and at best BRU will only now get 30% of the revenue whereas 100% would have at least covered BRU's costs for the next year or two so as to maintain the expertise to enable them to continue as operator and thus maintain IP and human capital built up over many years and which is so important for ongoing success. Poor management in my view that BRU didn't make themselves aware that the Fitzroy Bridge would be finished 6 months early and so BRU could have maintained or deferred arrangements to transit oil through Wyndham still.

    Now the funds in kitty are lower than Eric ever put up with and Tom has got BRU very dependent on Rafael Shallow not being a duster. Not as good a position as could have been to negotiate farm-out deals. That leaves me and everyone else with fingers & toes crossed.
    Last edited by Dozen: 27/07/24
 
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