buru, page-8

I don't think the market understands how big this could be, backreef wasn't drilled on convention structure (from my understanding) this was a stratigraphic play. There's nothing stopping this play extending all along the Harold reef trend (seal?). in other words, I expect BR to be a large, long but thin oil accumulation. we won't know the extent until some stepout drilling is done (shallow and quick). permeability seems to be a problem but I see this being solved with fracced multiple shallow horizontal wells from the same pad, or maybe multiple standard wells.

Of course this takes money which OBL doesn't have so if you own some OAs "don't let the Canadians take over!" they're not stupid, they'll move quickly if the data stacksup.

As to production costs, initally trucked to Perth but if BR is large enough, shipped from Broome. of course both of these will require setup funds.

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