BRU 5.49% 8.6¢ buru energy limited

More work in the pipeline, page-3

  1. 905 Posts.
    lightbulb Created with Sketch. 232
    IMO, the free carry benchmark is as good as in the pocket:

    "The well flowed at rates of up to 1,680 barrels per day with 50% to 70% of high quality 41.6 degree API oil
    .........oil column of some 15 meters with very high productivity, estimated to be over TWICE that seen in the Ungani wells. "
    (see mid page 3 ASX release 27APR16)
    http://www.buruenergy.com/wp-conten...rch-2016-55ad14b1501cffbd41dbf65825ae00fd.pdf

    BTW, no time delay because of wet season:

    "The well is located on an all weather drilling pad approximately one kilometer off the Ungani Access road within Ungani Production License L21."

    (top of page 2 same ASX release)

    Not even the coffee club can deny the good news.
 
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