Not just a re-hash, some notable points here...
- acreage provides significant currency for introduction of financial or operational partners. Buru’s portfolio depth is unique in Australia with a mixture of high value production, an extensive prospect portfolio and the potential for a future world scale gas development.
IMO cashed up Operational partners require operational control. Financial partners just want a return and let Eric do the business. Which one do you think Eric would prefer these days? I wouldn’t rule out a one off deal with an Operational partner for any or all of the 4 farm-in exploration wells this year, but IMO, any such big fish is going to want to see a path to Broome and other infrastructure in place to monetize the expected discoveries and I can’t see how that is possible if each well has a different Operational farm-in partner... IMO the ultimate solution BRU are looking for to facilitate all of this is a financial partner.
Pleased to see FW production back in the crosshairs:
▪ Near field opportunities
• Ungani Dolomite and Reeves in Ungani North
• Ungani Far West oil pool production from both Ungani Dolomite and then Reeves Sandstone sections
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