Bru's confidence in finding oil has been well & truly shaken.And they have limited & diminishing funds.Another season chasing oil & failing would be obviously bad.
The sensible move is to drill for congas near Yulleroo/Valhalla.They both have thin conventional sands & ES has said that they're looking for thicker sands.Let's not forget that that area is gas saturated & finding the thicker area of sands should translate to a congas find.Any success would be good.
I've given up on the oil-it would've been great but its not where they thought it was and they haven't a clue where to find it.
Ann: Operations Update, page-45
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