So if we speculate that Raf-1 3D upgrades reserve potential, then surely the agreement with our new partner is at least partially based on a sliding scale of appraisal analysis. In other words, the agreement based on 1 TCF for example would undercut Rafs worth if the appraisal doubles the reserve size. I'm not sure how deals of this nature are structured. Will the 3D analysis mitigate any under valuation when the deal is made?
BRU Price at posting:
9.8¢ Sentiment: Buy Disclosure: Held
