Bru- Buru Energy Canning Basin Superbasin

[hal]

nice announcement today.

Potential Hydrocarbon column(most likely oil) found over 57 metres with probable 11.7metres Net pay.

Nothing flowing yet but we should know within a week.

Announcement is at http://www.buruenergy.com.au/getfile/476.pdf

[hal]

nice announcement today.

Potential Hydrocarbon column(most likely oil) found over 57 metres with probable 11.7metres Net pay.

Nothing flowing yet but we should know within a week.

Announcement is at http://www.buruenergy.com.au/getfile/476.pdf

Another announcement from Buru Energy today and they have had oil flow at a peak of over 1600 bopd api37 at the Ungani 1 well.

Check out the announcement on Buru's site.

Buru have huge acreage in the Canning Basin Western Australia.

Check it out yourself as this company could really have a good future. They have put out an investor report today as well.

[hal]

http://www.upstreamonline.com/live/article1246661.ece

[The Big Ease]

A stunning announcement.

[Huang Chung]

Don't know much about oil & gas, but BRU seems like it could be headed for greatness in the next 5 years. I think that overlay of Texas on the Canning Superbasin is quite stunning in terms of what it could mean if BRU's stars align.

[Rabbi]

Don't know much about oil & gas, but BRU seems like it could be headed for greatness in the next 5 years. I think that overlay of Texas on the Canning Superbasin is quite stunning in terms of what it could mean if BRU's stars align.

Peter Strachan of stock analysis has a risked value of $15 on exploration upside for BRU. This is an aggressive junior oil company company and with major Mitsubishi along for the ride upside could be huge. At the moment, sentiment has turned, with the reef fish swimming all over the place.
Wait for more positive news before buying.

[upside_umop]

Things are getting crazy with this company. Is on track to be the onshore woodside...
Drill report this morning confirmed gas presence in the Laurel formation and if it does in the next drill too, it could mean there is 20 + TCF and 100's mmbbls of oil recoverable. FYI, 1 TCF of gas is around 160 mmboe of oil.

This co is now an $800m market cap, however it would only get tasty for the majors once it's $5b. So a bit of upside yet..

[hal]

Things are getting crazy with this company. Is on track to be the onshore woodside...
Drill report this morning confirmed gas presence in the Laurel formation and if it does in the next drill too, it could mean there is 20 + TCF and 100's mmbbls of oil recoverable. FYI, 1 TCF of gas is around 160 mmboe of oil.

This co is now an $800m market cap, however it would only get tasty for the majors once it's $5b. So a bit of upside yet..

I think that is only for the Valhalla region and only the Laurel formation which is being extended by the Paradise 1 well and the Asgard well. One step at a time I suppose but it is looking promising.

Yulleroo 3 is also being drilled at the moment and it could prove up a lot more gas/liquids as well.

They have also applied for the production license for Ungani oil as per yesterdays announcement. This is for a whole oil field not just one well.

Good luck to all holders

[Rabbi]

Peter Strachan of stock analysis has a risked value of $15 on exploration upside for BRU ......

BRU SP now frog marching upwards again, with two drills on the go and an EPT of Ungani about to commence. The analyst in question also stated in the report-which is now public knowledge- that BRU upside is "unquantifiable".

At the moment they are just testing to see what the extent of the gas discovery could be as a contingent resource. If-and this if is getting smaller as they drill more wells- they prove up significant 2P reserves of gas and liquids-they will be gobbled up by a major.

I'm still holding .

[ELYOB]

The fact is BRU are not big enough to ride this elephant . It is like trying to wash the elephant with a toothbrush. A major needs to crank up Basin operations . More rigs .....oilfield equipment ..... etc.,.