The Crocodile Unshackled

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 .