Look I don't think there will be an offer any time soon as although we appear to have huge amount of wet gas, the independent report was based upon an incomplete testing of those wells.
To drill these proposed horizontal tight gas/condensate wells would cost say AUD 10 million plus fracing which isn't going to happen until Buru proves that the current wells stabilise at a steady flow.
Hence my concern on how the exploration of Buru landholding has been carried out, the word amateurs is too kind!
Having said that the bid is going happen tomorrow.
Look I don't think there will be an offer any time soon as...
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