BRU 2.22% 4.6¢ buru energy limited

Kurrajong 1, Rafael 1, U-6H, U-7H and YK-1 it is, page-12

  1. 148 Posts.
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    It does make sense that the horizontal Ungani wells will be drilled first.  We have been waiting so long to drill Rafa and Yakka.  Would hate for drilling stuff ups on Ungani ( we have had more than a few of them to date) to again delay exploration.  Hopefully the horizontal wells crack the code for production on Ungani so it makes a profit.

    We also must be due some luck with exploration and hope that this is Buru’s year.  Been a long time since 2011 when Ungani found oil in the Laurel formation (instead of the expected gas).  We only need 1 of the big 2 to be successful for a significantly higher share price.


 
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