dex i posted this on 3rd july:"However, I will do a bit more...

dex

i posted this on 3rd july:

"However, I will do a bit more research on it , as i would have thought the buru royalty could be a bit of a sleeper - i am not experienced in the terminology but 2 - 3% if it was on the gross value of oil and gas( but net in terms of volume ?!) could be a pretty significant number!

If they have royalty on gas and on the leases that buru are currently drilling, i may even top up a to a bit bigger parcel and stay with the ozzie interest "

well i did do a bit more research on it and i thought it could be a really really big opportunity - there was, as always some uncertainties and i didnt have the time and/or the guts to have a really big go - i bought a fair amount - I have sold about half i bought now as we, as outsiders just arent told enough and mid 40's pretty tempting!

I cant see it being all on the buru royalty even though it is an interesting way of getting a cheap time value option on buru - buru even went down today yet epg fired up again!