Hess have loads of acerage in Canning further South / South East of buru. Very tough part of Aust - basically sand dunes.
For mine, Woodside or BHP.
Those guys would be crazy to let an offshore guy sneak into what looks like the best on-shore tight/shale wet gas basin in Australia.
These guys could build a pipeline for call it 600mm (use others money to do so like Aust Pipeline Trust) satisfy all domestic gas requirements with buru gas and then take North west Shelf gas / or Pluto gas 100% into LNG export markets ....
So get LNG pricing effectively for building a 600mil pipeline instead of a new a 5-8bn lNG train at either NWS / Pluto
Even more so for Woodside, if they get James price up and running they would have many dozen tcf of gas just down the road
Funny best position for buru shareholders is to do a deal with Hess then WPl or BHP can only access this massive gas via paying fat premium in takeover once gas flows ....
Game on
BRU Price at posting:
$2.41 Sentiment: Buy Disclosure: Held
