bru vs nse geology, page-4

Hi TBE. Thanks for the pointer to Anatol's best postings. They are a treasure, and I appreciate his energy, his time, and especially his persistence. :)

I think my question stands and is quite timely. As you know, BRU just released a third party report by RISC that claims an unrisked resource, net to BRU, of 47 Tcf (mid-range) to 150 Tcf (high end). These are not reserves or resources, just estimates, and who knows what RISC's own incentives are to exaggerate. These are still jaw-dropping numbers.

I know Anatol feels there is no world-class resource for BRU in the north end of its tenements. It would still be good to have Anatol reflect on the RISC report and understand if anything there surprises him or changes his views about the relative merits of the NSE geology versus BRU.

And I have been on the NSE threads up to now only as a casual observer. It was clear to me from the moment of NWE's gap up in July 2011 that all of these Australian shale stocks were going up on huge volume simply due to speculation. That's the nature of markets for some event to occasionally cause a frenzied speculative run - in this case I seem to remember it was a broker report claiming that Australian shale gas would be huge in the future - but ultimately speculative moves like the one BRU had don't sustain unless there is real, sizable, and growing production to back it up.

Now is different. NSE is potentially going to trade below net cash. The chance to get a free ride on a year or two of exploration against a potential world-class resource is something I take very seriously as an investor. I'm getting ready to make a serious investment here. The level of my interest and research is climbing.