BRU 1.41% 7.0¢ buru energy limited

When the Ungani farm-in was announced with some amateur school...

  1. 27,462 Posts.
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    When the Ungani farm-in was announced with some amateur school boys flush with spare cash from their Sunday car washing gig and their mummy’s pocket money, the plan was, regardless of whether Mars got drilled or the result:

    Buru and Sabre both share a common vision to restart production from the Ungani Oilfield as soon as practicable. To this end, the parties are continuing discussions and planning to bring the Ungani facilities and wells back online, potentially as early as Q4 this year.

    And Q4 restart based on local sales has been mentioned in Presos etc since then until recently - pending
    confirmation of a potential domestic commercialisation route.
    So is it more likely possible the restart plan does not feature massive capex? It suggests to me there is el cheapo option that allows some kind of local diesel type product to be produced for the local market. I’m not being technical here, I don't know what that solution looks like, just applying logic and thinking maybe we can restart Ungani this year and generate some cash after all. Any ideas?
    Also, just wondering if Ungani is restarted, in the event of a Shallow discovery, while we wait a year to construct an “Ungani facility lookalike” is it possible to at least cobble together some kind of onsite tank to pipe some luvly oil into and then truck it to the Ungani facility? Probably not optimal, but any revenue is better than nothing and could fund the new onsite facility?
    Last edited by CEOChair: 02/10/24
 
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