BRU 0.00% 9.8¢ buru energy limited

I wonder if Eric will release a proactive video to share his...

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    I wonder if Eric will release a proactive video to share his thoughts. Someone mentioned a Q&A? I haven't seen this before other than at AGMs. Clearly the market doesn't know what to make of the results so far, so hopefully a lot more commentary is provided in the next update next week.

    I just really wish they could test the upper zones next week whilst they have the crew up there but as I said previously, it doesn't sound like it as it was never part of the plan and the Ann yesterday said they would start planning the testing of the upper zones, not that they will actually test them.

    Everything takes so long. Had to wait for crew due to borders, then have to wait due to cyclone, then have to wait for upper zones testing due to casing. Not sure why the plan didn't include testing all zones during this program. Perhaps they didn't expect the upper zones would be required and the flows form the bottom zone would be sufficient.

    I'm not technical, but the only thing that still concerns me is that we only flowed 5mmscf with less than 1000psi at wellhead. Happy to be corrected but this to mean means they don't actually have a lot left to play with. ie they could open choke and reduce wellhead down to say 500psi to draw harder but how much additional flow would this actually achieve given they are already drawing pretty hard (difference between 6000 and 1000 at wellhead).

    Happy for technical folk to step in here but this is why it would be great if the next Ann actually explains what this means and impact on commercialisation of this resource.

    I still believe we are sitting on a massive resource, it's just a matter of how many wells do we need to drill to extract it and is it economic. My understanding is that lower flow rates just mean more wells, not that the resource is any smaller.

    we will find out on a few weeks anyway.

    sit tight all !
 
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