Buru Energy Ord Shs V.BRU.H

Primary Symbol: BRNGF

Energy Oil & Gas E&P

Buru Energy Limited is an Australia-based diversified energy company focused on exploration and production of hydrocarbon and non-hydrocarbon energy resources in Australia. The Company’s petroleum assets and tenements are located onshore in the Canning Basin in the southwest Kimberley region of Western Australia. In the Kimberley, it owns and operates 100% of the conventional Ungani Oilfield project and the conventional gas condensate discovery at Rafael 1. The Ungani Oilfield is located approximately 90 kilometers east of Broome and includes six production wells and associated production facilities. It also operates a Canning Basin wide portfolio of exploration permits and licenses for prospective conventional and unconventional resources with working interests ranging from 60% to 100%. It owns over 22,500 square kilometers (km2) of permits, including 100% of EP 129, EP 391, EP428, EP431 and EP 436, and 60% of the EP 457 and EP 458 permits it shares with Rey Resources Ltd.

OTCPK:BRNGF - Post by User

Buru Energy Ord Shs

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Comment by DAbramovon Apr 01, 2008 3:52pm

213 Views

Post# 14927650

RE: the market doesn't seem

I think you're missing the point,

lower cut-off and an NI 43-101 that shows figures LOWER than previous historical figures, without metallurgical recovery values is not positive (a.k.a. negative) for a stock.

If you want to see the effects of lowering the cut-off grade for your resource estimates, look at MOLY MINES latest release.

They have one of the largest mines with plans to begin mining very soon, and yet their stock is hitting 52 wk lows.

Remember the US$ is rising and commodity prices are falling. Also negatives for resource stocks.

I want to see how long it will take (if ever) for BRU to come back into the mid 40's

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