Ann: Quarterly Activities and Cash Flow Report Ma, page-6

re: Ann: Quarterly Activities and Cash Flow R... Sigggggggggggggggghhhhhhhhhhhhhh.

Ok. I have got that off my chest. For better or worse, it would seem that other targets in Ungani Trend are not to be drilled this year (Although I will give REY a 10% of drilling one of its structures this year-long shot but you never know)

The Coastal permits are going to be nice if for no other reason than any well being drilled is better than none.

I am happy to hear that Ungani 3 will be tested, even if as Slamp says, it may produce peanuts, I like peanuts!

As for Ungani North, I am bit annoyed that it cannot be done sooner, but I do get that getting the equipment earlier might not be cost efficient. Quite annoyed that nothing was mentioned about testing Paradise oil shows... Without the Ungani trend being drilled, surely they have the time to do it?

I very much agree with you Dollars, another partner would be of great benefit, especially if a large carry in capex comes with the farmin. It will be interesting to see how they structure it. I assume Apache's farmin area's will not be included.

BRU's upside is so large, that a further reduction in % ownership will do little to blunt its potential. I am interested to hear others thoughts on when BRU might want to introduce another partner, before the Laurel tests, or after? My initial thought is after especially since they are not that far off.

Like others, I am happy to see that the current quarter will not cost a lot, then again the reason for that is because they are not drilling haha. They do need to get admin costs down further, although I am hopeful that if the Laurel Tests go ahead and are a success, it will not be an issue.

Slamp, you mention Port Headland, does that have any current port infrastructure for exporting? May I further ask why Port Headland would be more open to BRU exporting from it?

In summary, 2015 better include 2 rigs (no Crusader rigs), 10 conventional targets chosen, permitted, cleared and ready for drilling and all the 2D/3D they can poke a stick at!
(Accacia should be in addition to this).

I have always been in BRU for the long term, but once in a while I get a little impatient :P