Whilst we await the independent report I thought it might be worth seeing what other's expectations are on here re the upcoming report.
Based on previous BRU presentations the gross resource estimate was:
mean: 69 mmboe best: 37 mmboe high: 176 mmboe
Now that we know we are likely sitting on a wet gas discovery rather than oil, does anyone have any expectations of what we should expect?
The latest flow test indicated 40bbl/mmscf and used conversion factor of 6000 to equate to boe so could we use this to convert the above boe estimates to tcf? I.e.
mean 69 x 6000= 414,000 (0.4 tcf) best 37 x 6000 = 222,000 (0.2 tcf) high 176 x 6000 = 1,056,000 (1.05 tcf)
Are my calcs correct? Could someone who knows what their talking help us out here! I'm just trying to set some expectations for upcoming report so we don't find ourselves like the flow test have have no idea what the results mean.
cheers
BRU Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
