Buru Energy announced a Transformational Transaction on 25 May 2017 . The Mitsubishi Divorce .
However it was an announcement on 31 May that laid out the PLAN .
It was heralded as BURU UNLEASHED and was symbolised by a Fierce , Rampant CROCK !!
The PLAN involved first transforming Buru Energy into an Oil Production company by developing the Ungani field with an improved export solution through a bigger Tank in WBH and producing significant Cash Flow .
Later Announcements fleshed out the plan to aim for 3000 bopd into WBH , stepping up to 5000 bopd after a closer lower cost export solution was developed (BROOME ) .
The Priorities were 2017 ONWARDS
Ungani Production
Ungani Production Enhancement
Ungani Appraisal
Oil Export System Optimised !!!! This means BROOME !
OIL Eploration drilling
Western provence gas appraisal program continued
We are near the end of step 4 .Ungani Appraisal .We have only the flow tests and the hook up of U4 and U5 to go .It was only a logging equipment failure and consequent hole problem and an extraordinary Wet Season that stopped us being there well before this .
The next step is BROOME .
The photograph of the Fierce Rampant CROC failed to show the 200 KG Ball and Chain on it's back leg . The Ball had the letters WBH engraved on it .
To be continued , I have to go to my day job .
Stay strong Bruthers our present problems will pass .
- Forums
- ASX - By Stock
- BRU
- The Crocodile Unshackled
The Crocodile Unshackled
-
- There are more pages in this discussion • 30 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
8.8¢ |
Change
0.001(1.15%) |
Mkt cap ! $59.07M |
Open | High | Low | Value | Volume |
8.6¢ | 8.8¢ | 8.6¢ | $13.36K | 154.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50978 | 8.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.8¢ | 1548063 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 200189 | 0.086 |
3 | 118421 | 0.085 |
1 | 2392 | 0.084 |
3 | 67807 | 0.083 |
3 | 132707 | 0.082 |
Price($) | Vol. | No. |
---|---|---|
0.088 | 1548063 | 3 |
0.089 | 250000 | 1 |
0.090 | 715966 | 2 |
0.091 | 50000 | 1 |
0.092 | 99847 | 1 |
Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
Featured News
BRU (ASX) Chart |