BRU buru energy limited

Ann: Operations Update, page-23

  1. 496 Posts.
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    Quads 800 bbl per load .One load every second day or 400 bbl per day . 6 Quads 2400 bbl /day .

    Tris 600 bbl per load ???? One load every second day or 300 bbl per day .3 Tris 900 bbl/day .

    Total cartage capacity could max out at 3300 bbl/day .

    The small cheap rig explains the $5 M per well cost . No deep wells on the agenda this drilling season .
    An extremely good move imho , Buru needs to be financially stronger before tackling Nadal and the other deep big targets .

    No farmin is much , much better than a bad farmin .
    The word Satisfactorily should be read as Prudently , I am sure that Eric is negotiating with the interests of share holders top of mind .
    He knows the full picture and is a very large owner himself .Be patient and have faith because he has a very good record of getting good deals done .He and the rest of the BOD have a very difficult and far reaching decision to make .

    Sorry cujo no TU from me .

    gltah
 
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