I still remember the day when the 1st Ungani Well flowed 1200 bopd, sitting in front of the computer and I hit the table and said "BUY!" SP was around 70c and it's started to fly. Ungani was a game changer Company Maker.
We are producing around 1000 bopd now, and shipping to Wyndham. And our SP is $1.80
Imagine if we upgrade to 5000 bopd at the end of the year.
Rough Guidance $1.80 * 5 = $9 Excluding additional wet gas upside.
6 Drills on the way,
Time to Flow more Wet Gas and Hit the Mother lode of Oil
Enjoy the Magic Carpet of BURU
Dream Stock in my book, and a discovery of this size may never happen again in Australia.
Buru will be a dividend Diva
Plenty of New Flow to follow.
Arlberg1
dominant position nice story , page-19
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