Hi Banoos,We don't have a rig, so no date for our return to...

Hi Banoos,

We don't have a rig, so no date for our return to drilling, which I'm sure is part of the reason the share price has been hit of late. Buru says in their last presentation:

• Buru and Mitsubishi strongly aligned
on next 2 year program
• 2 year drilling program supported
• Tendering for rig for two year program
• Fit for purpose rig - drive well costs

So once the rig is secured, I'm expecting a comprehensive report detailing the forward program. (This is what I'm most excited about)

With regards to the Ensign rig, it drilled Yulleroo-4 to 3800m+. So I personally don't see a problem with it. Ungani was not that deep, so I don't expect all the other prospects to be too dissimilar. But I'm not in the industry, so there may be other limitations I'm unaware of.