this thread is a joke. the reason the company will not test is because in all likelihood it won't flow at vaguely economic rates. look at the Yulleroo-2 test undertaken by Arc Energy - flowed at a max rate of 0.3mmscf/d before dying. a similar result will compromise the capacity to raise the $200m required to keep the 'dream' alive. Let's be real: it took 6+ yrs of planning, permitting and construction to get the Dampier-Bunbury pipeline to commissioning and you guys are all blindly assuming BRU will have domgas production (as per their presentation) by 2016 and LNG (?!?!?) export from 2018 (and that this has been reproduced by Mac bank and Deutche analysts highlights just how little the large broking houses understand about oil and gas). and let's not forget the assoc. several $Bn of capex... all this without even remotely proving 'reservoir' deliverability. Happyland...gumdrop house on lollipop lane (H. Simpson). The Streitbergs will be long gone (one has already) before you all come down from your highs.
BRU Price at posting:
$2.53 Sentiment: Sell Disclosure: Not Held
