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Speculator

You are one of the quality posters here. I like your posts. As long as we don't make any up or down manipulative post, don't twist the facts for our own benefits and wishes and don't exaggerate the numbers, we will remain as quality posters.

BRU's valuation is very tricky. The numbers are unbelievable. I believe it is at least around $5b. I don't know the upper limit as I don't know where the limits of Laurel formation in the Fitzroy Trough are. BRU management doesn’t know it either. They will drill more appraisal wells and deepening the Paradise-1 well. We should also wait for the Ungani EPT (Extended Production Test) results till mid April.

Now, I am making more detailed research about our main asset; BRU..! Looking at more details of Fitzroy Trough and Gregory Sub-basin where NSE's Laurel Project was located on two large permits; EP-417 and Seven Lakes SPA. If the Laurel formation is good here, there might be another company maker huge gas resource in these permits.

Strongy

Yes, BRU holding has become the main asset of NSE now. That's a fact and I acknowledge that. That the reason why people aggressively buying in NSE atm. That's why I brought up the valuation of BRU here. We need to be following the facts.

And I think there are a lot to come. Again, that's why I am talking about the takeover of BRU here.

NSE's BRU holding may cause the early takeover of NSE before drilling, which I wouldn't be happy at all.