Ann: Weekly Drilling Progress Report - Ungani Nor, page-13

re: Ann: Weekly Drilling Progress Report - Un... Occam, my understanding is that the reserves cannot be certified until flow rates have been determined, which presumably would involve an EPT. But I'm no expert.

I agree with your thoughts on Alcoa. They will likely give Buru more time to have the reserves certified, or even waive the requirement since it seems like a no brainer.

Did you read this in the Annual Report:

"Likely Developments
The Group intends to continue its current oil and gas exploration and production in the Canning Superbasin in the
Kimberley region of Western Australia with a focus on the development of the Ungani Field, further appraisal of
the Laurel Formation at both the Valhalla and Yulleroo wet gas accumulations, as well as further exploration on
other conventional and unconventional plays. Further information regarding likely developments will depend upon
the results of the current exploration and appraisal program. At this stage, the expected likely developments have
not been disclosed as the Directors believe, on reasonable grounds, that the inclusion of such information would
result in unreasonable prejudice to the Group."

I wonder what that's all about? It seems to be referring to what happens once the outcome of the appraisal of Yulleroo and Valhalla is complete. Anyway, sounds positive for the future. I think we'll look back on this period as the last chance to get in at this sort of price.

As you say, go you good thing!