anns: conoco executes the farm-in agreement !, page-8

You'll have to ignore anatol, he obviously hasn't read a BRU report for the last 12 months... The difference between BRU and NSE's price is mostly the wet gas field at Yulleroo independantly assessed at 36mmboe and the potentially multi TCF unconventional wet gas find at Valhalla. Both NSE and BRU (which is much further along) are good investments in the Canning, and there is no benefit for a NSE investor in ignoring the facts of what BRU has achieved so far because it has opened up play types and experience for NSE. I mean look at NSE's Lawford ann:

"(Buru) is operating the well pursuant to a delegation agreement. Buru will call on the experience recently gained from the company’s successful Yulleroo #2 and Valhalla #2 wells, which also targeted the Laurel formation."

Long story short, buy both, NSE will get up in the dollar range once they've done what BRU have done, brought hydrocarbons to the surface and started on the 2nd or 3rd wells in the fields.