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13:01
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Originally posted by watauga:
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Confidence is a major issue for BRU. I’ve held shares since 2013 after seeing the potential for oil and gas in what was an essentially unexplored basin. Ungani was the goldilocks field that was going to produce at 3000 bopd. Reality check, almost 6 years later we are producing around 1000 bopd and they still don’t seem to have a good understanding of the Ungani field given the failure at UW, the flow rate and oil water contact level at U4ST. Also very quiet on the U5 front.
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I share your sentiment exactly W. Presentations and reports used to say words to the effect Buru aims to....create significant shareholder wealth or value..
