Good question.
I think he wants to do his own thing with Goshawk, IE the 80-20% split
Obviously Goshawk bent Twiggy ear to promote the Canning land grab and I expect Goshawk is free carried during the SPA-AO terms.
Farming into which BURU play oil or tight gas.
Well meaningful farmin for BURU has to be
1, oil play what two wells cost say $20 milllion
2, tight gas say 1 horizontal well cost say $25 milllion
What percentage would BURU and Mitsubishi sell together 50%?
Can't be just BURU farming down as they be left with to small a percentage.
So farmin to both = $45 million
Or take out BURU.
Current market cap $68 million, offer 28 cent IE $100 million deal done.
Then squeeze Mitsubishi and REY out by do rapid exploration program.
That's what he should do.
Bottomline Ungani field (which is how big? ) would pay for the takeover.
Get tight gas and all the 3D seismically defined Ungani trend prospects for free!
- Forums
- ASX - By Stock
- Twiggy move on Canning Basin
Good question. I think he wants to do his own thing with...
-
-
- There are more pages in this discussion • 149 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
8.7¢ |
Change
-0.001(1.14%) |
Mkt cap ! $58.40M |
Open | High | Low | Value | Volume |
8.8¢ | 8.8¢ | 8.7¢ | $19.60K | 223.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 225558 | 8.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.8¢ | 743622 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 25558 | 0.087 |
2 | 88452 | 0.086 |
2 | 106421 | 0.085 |
1 | 2392 | 0.084 |
2 | 47807 | 0.083 |
Price($) | Vol. | No. |
---|---|---|
0.088 | 743622 | 1 |
0.089 | 425648 | 3 |
0.090 | 615966 | 3 |
0.092 | 101647 | 2 |
0.094 | 109969 | 3 |
Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
Featured News
BRU (ASX) Chart |
The Watchlist
P.HOTC
HotCopper
Don Currie, CEO
Don Currie
CEO
Previous Video
Next Video
SPONSORED BY The Market Online