Incorrect. The announcement clearly states that OBL will be left with about 7 tcf if you measure it the way Buru measures the resource if they farm down to 37.5% and realistically it will be lower than that for a real farm in. I don't really see any way OBL end up with more than 25% if they farm out for a drill which means 4.6 tcf. And really it's lower because you won't be able to frack large swathes of Derby given the coastline and the town etc. OBL still have more leverage to the Laurel than BRU even with only 4tcf (of course this ignores Buru's leverage to conventional oil) no need to pretend OBL have way more than they actually do.
No harm at all in investing in OBL for BRU's fracking next year, I'll most likely be doing it.
Incorrect. The announcement clearly states that OBL will be left...
-
- There are more pages in this discussion • 42 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add EMP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.312M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500000 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 566666 | 4 |
View Market Depth
| Last trade - 07.00am 08/11/2024 (20 minute delay) ? |
| EMP (ASX) Chart |
Day chart unavailable
