as investo has alluded to, there are commitments to sell into the domestic market (if I recall, that's a WA govt requirement).
Still, I can't see BRU over-looking their favourable geography as an advantage (ie. proximity to Asian markets). As I understand it, export will require a major investment. So, thinking this through, I wonder what Mitsubishi's long-term goal in this is? That rarely gets a mention here. From their perspective, I daresay Ungani is relatively smallfry. If they are able to achieve basement entry into a major cov/unconv gas field, so much the better. I'm sure they would be happy to fund some of the infrastructure expansion for a long-term, cost-effective sales agreement.
I guess this brings us back to the pipeline debate. Perhaps trucking for Ungani is the best thing in the short-term, and they will be saving thoughts of a pipeline for post-fraccing testing of their wells.
Some initial thoughts. Looking forward to reading the thoughts of the gurus out there.
Back to my bi-plane
Baron
BRU Price at posting:
$1.55 Sentiment: Buy Disclosure: Held
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