Modula etc ... I agree that fracking and flowtesting of the tight packages requires a systematic program best implemented across most if not all of the completed wells on a sequential basis. However, I still think that they should have flowtested the conventional sand package in Y4, since they knew it was likely to be struck before they drilled. If it failed for a technical reason then a farmout partner is sophisticated enough to appreciate that. But if it works it would help analysts and investors derisk their view of Buru (ie. analyst price targets would go up). Eric is as competent as we all agree, but he is also very conservative ... And that is generally not a bad thing for him to be, but once in a while it would be interesting to see him venture some opinions a la Richard Cottee at QGC and now CTP or Andrew Forrest at FMG when it was in its growth phase, rather than have the journalistic flair of the President of a Chinese SOE.
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