yes cumulus, this was a new area, as per drilling ann. it is a new area, opens up the whole block, increase the size of the ultimate recovery and increases revenue and cashflow significantly
this field will provide higher revenue for BUY for a few years and with this it will be able to grow faster
7 metres of net pay is very good
This result should set a new base for the SP and I do expect it to go higher once this news is internalised.
BUY Price at posting:
2.6¢ Sentiment: LT Buy Disclosure: Held
