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How Will Buru Energy Benefit from Regaining Full Ownership of the Ungani Oilfield? — ASX:BRU| ASX Mining News & Discussion
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Lykeshares Official
$BRU How Will Buru Energy Benefit from Regaining Full Ownership of the Ungani Oilfield?
Buru Energy Limited (Buru), an Australian oil and gas company, has announced its agreement with Roc Oil (Canning) Pty Limited (ROC) for ROC to withdraw from and assign its 50% joint venture interests in Production Licences L 20 and L 21, which contain the Ungani Oilfield. This agreement will result in Buru assuming full ownership of the Ungani Oilfield, solidifying its position in the industry.

Strengthening Ownership

Following the completion of assignment and transfer documentation and governmental approvals, Buru will officially assume 100% ownership of the Ungani Oilfield with an expected effective date of 30 September 2023. This move reflects Buru's commitment to maximizing value from its assets and consolidating its operations.

Suspension of Operations and Liability

The agreement between Buru and ROC comes after Buru, as the Operator, recommended the suspension of operations at the Ungani Oilfield due to the uncertain availability of the temporary river crossing at Fitzroy Crossing during the upcoming ...
How Will Buru Energy Benefit from Regaining Full Ownership of the Ungani Oilfield?

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?