buru leverage, page-2

Doodlebugger,

Yes it probably will attract some more interest as the final days draw near. Probably will depend on how pear-shaped the banking community get and what negative impact that has on all the relevant markets.

That said, as per their Open Briefing release this evening, they have indicated the following will perhaps fall into place:

Currently finalising the drilling programme for this year and applying for all the approvals that are required.

Three Wells Targeted - with two firm wells.

Paradise # 1

Pictor East # 1
(both subject to final approvals)

Currently working up a prospect on the Blina/Stokes Bay trend called Reef Front # 1.

Test Stokes Bay # 1 to see if there are hydrocarbons in the
cavernous reef section.

They are working with the other operators in the Basin
to source a rig for this year’s drilling program and are in final negotiations for a contract.

They will be using a smaller rig than the one used for the ARC programme.

MI