Well even Strachan says today he sees Ungani North as 100 mmbl of oil recoverable but at potentially slower flow rates than Ungani 1 & 2 , waiting on testing. But the interesting story is what lies beneath as they drill into the Nullara formation looking for the source of the Ungani trend. If they find this , then look out ! Ungani North has been a great success so far , I wonder what the market was expecting ? Looking forward to more news tomorrow.
BRU Price at posting:
$2.76 Sentiment: LT Buy Disclosure: Held
