BRU 0.00% 9.8¢ buru energy limited

Operations Update

  1. 1,352 Posts.
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    Hi all,

    I agree it's been uncomfortably quiet on the news front. The last operations update on 26/5 included the following, so we should be expecting an update soon:

    1 - Rafa flow test to commence Q3 (subject to JV and reg approvals) Therefore expect update on this ASAP. This is our near term catalyst so we need this confirmation.

    2 - 3D seismic to commence in Aug. So expect to commence in about a month or so assuming no issues.

    3 - Condensate analysis was being undertaken. Expect an update on this next update. Again assuming no issues.

    4 - Discovery assessment report with DMIRS for acceptance. We should expect an update on this once accepted.

    5 - U9 was dropped from last update so I'm assuming this has been dropped. We should expect confirmation of this in next update. There has been no update on this recently.

    I share the same view as a lot of others in here that the lack of news flow is very unsettling so hopefully the next update is timely and covers all the above.
 
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