OBL Conservative Valuation 6c and 12c, page-3

You gotta start somewhere and the Laurel will be the biggest prize for both.

Nov 8, 2012 Australian
BURU Energy's attempt to develop Australia's most promising onshore oil and gas region has received a major boost after it struck a deal with the West Australian government to build a $500 million pipeline from the Kimberley to connect to the domestic gas network in the Pilbara.
The agreement is significant because it stipulates that Buru and its joint venture partner, Japanese conglomerate Mitsubishi, will deliver gas into WA's domestic network before any can be exported.

I think the pipeline goes through the Derby block? Infrastructure paid for.

OBL as operator of the Derby block is doing everything possible to make it happen ASAP.

How can OBL have a market cap of 8 million. It is highly likely OBL will have 75% of the Derby block with 1.8 million in the bank pre farmout which will haven a free carry deal going forward.