Miller, your questions are somewhat premature given that the full appraisal and testing is scheduled for later in the year.To date there are strong indications from well data obtained from the wells already drilled at Yulleroo, Valhalla, Paradise etc that gas will be recoverable in large volumes .Yulleroo was tested for a lengthy period under sub optimal conditions but enough data was obtained to allow independent consultants to advise that Yulleroo would flow at commercial rates. Nothing is certain in the oil business but the probability of having large economically viable reserves is very good. Both Eric and Kieren are highly experienced oil industry professionals and are not the types to over promote . They tend to let the drill bit do the talking. You ask of the "very distinct possibility" if BRU is sitting on an ocean of unusable wet gas.It would only be unusable if it was uneconomic, and anybody in the oil industry can tell you that an ocean of wet gas onshore will be very usable.
BRU Price at posting:
$1.82 Sentiment: LT Buy Disclosure: Held
