Past year: ▼ 28%(1.20c – 2.40c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
12 Aug 2009farm in farm out completion● Neutral
New Standard Energy confirmed it is selling its shared Acacia Fairway permit interests to Buru for $3.2 million cash plus 18 million Buru shares (~$6.3 million total) - New Standard keeps a resulting 10% strategic stake in Buru, future farm-in rights, and a technical services role on the permits it sold.
11 Aug 2009farm in farm out completion▲ Good
Buru agreed to acquire New Standard Energy's interests in Canning Basin permits EP442, EP442A, acreage release L08-3 and application area 30/07-8 (the "Acacia Permits"), taking Buru to 100% ownership and consolidating operatorship over most of the Acacia Province alongside its existing EP431 interest.
5 Aug 2009director officer appointment● Neutral
Buru's Executive Director Eric Streitberg took several weeks of overseas leave, with Tom Streitberg standing in as a temporary alternate director on the board - a routine stand-in arrangement, not a change in company leadership.
5 Aug 2009director interest notice● Neutral
Buru Energy director Tom Streitberg had 4,400,000 unlisted employee options cancelled for nil consideration.
10 July 2009form 604 change substantial holder● Neutral
Birkdale Enterprises Pty Ltd atft Hay Street Unit Trust increased its Buru Energy shareholding from 10.1% to 11.6% of votes.
30 June 2009quarterly cashflow report● Neutral
Buru Energy reported $58.3M cash on hand at the end of the quarter ended 2009-06-30, having generated $240K in operating cash flow that quarter. Against its own $6.0M forecast for next-quarter outflows, that implied roughly 9.7 quarters of funding on hand.
29 June 2009director interest notice● Neutral
Buru Energy director Adrian Cook had 7,100,000 unlisted employee options cancelled for nil consideration.
1 Apr 2009director interest notice● Neutral
Buru Energy director Eric Streitberg had 7,100,000 unlisted employee options cancelled for nil consideration.
4 Nov 2008director interest notice● Neutral
Buru Energy director Graham Riley had 2,000,000 unlisted employee options cancelled for nil consideration.
