BURU ENERGY LIMITED (ASX:BRU) - Ann: Buru to commence exploration drilling and seismic program, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
Looks like the wells will be drilled in 3Q2021.
Noting that FZR tends to generally receive from Buru 2% of about half the prevailing oil price per barrel: Success case x2 of 54million bbls * FZR's 2% * A$80oil price * 0.5 / 109million shares on issue = 40cps value to FZR if cash was received today. Discount that how you normally would though; but then add additional value due to a success case on the two wells likely resulting in further development and thus production in the region by Buru.
Buru to commence exploration drilling and seismic program
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