So if wet season finishes 1st April and starts 31st Oct - gives us 7 months. 105 days per well and well design already planned - drilling contractor appointment may be imminent?
'Origin will spent $16 million on an initial work program, which includes a commitment to drilling the Rafael 1 and Kurrajong 1 wells in 2021.'
Rafael 1
After careful review of the current drilling program progress, the Board has now taken the decision to defer the drilling of the Rafael 1 well. This prudent commercial decision to defer the drilling of this high cost well has been driven by a number of factors including Buru’s exposure to 100% of the costs of drilling the well under the joint venture sole risk provisions.
The projected costs for the well have also increased as the Rafael 1 well design has been modified in light of the issues encountered with the drilling of the Ungani 6 well. The modified well design provides additional assurance that the objective can be reached in an appropriate hole size and this has materially increased the projected cost of the well. As a sole risk operation under the current JV arrangements the Company would have 100% exposure to these costs and, significantly, also to any unforeseen cost increases, given that the well is being drilled in a part of the basin that has little offset well data for calibration of drilling times and potential drilling problems.
- Forums
- ASX - By Stock
- BRU
- Oil Prices. Because BRU is an Oil Producer. Duh.
Oil Prices. Because BRU is an Oil Producer. Duh., page-32
-
- There are more pages in this discussion • 98 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BRU (ASX) to my watchlist
|
|||||
Last
8.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $55.05M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4268 | 8.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.3¢ | 38091 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4268 | 0.082 |
1 | 100000 | 0.079 |
4 | 43914 | 0.078 |
1 | 10697 | 0.077 |
1 | 6700 | 0.076 |
Price($) | Vol. | No. |
---|---|---|
0.083 | 38091 | 2 |
0.084 | 49000 | 1 |
0.085 | 50000 | 1 |
0.086 | 6169 | 1 |
0.087 | 127000 | 1 |
Last trade - 11.00am 12/07/2024 (20 minute delay) ? |
Featured News
BRU (ASX) Chart |
Day chart unavailable