BRU buru energy limited

Not sure cash position is related in anyway to any farm-in,...

  1. 12,167 Posts.
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    Not sure cash position is related in anyway to any farm-in, Cujo. Revenue when we eventually get going at 3000bopd even at today’s price is ~250k per day. Losing a couple of months isn’t pretty, but today’s Ann clearly states it does not change the ability to follow the plan so far as Ungani operations are concerned.

    ... the Company’s current projections indicate that it has sufficient financial resources to undertake its ongoing and planned activities which in the short term is primarily preparing for the 2018 drilling program...

    Meanwhile, not much to do but make the best of it...

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