Also just for the record, the ERCE estimate came out pretty damn close to prior BRU announcement that I posted on here previously (when BRU thought Rafa was an oil prospect).
Remember this one:
BRU Presentation:
Mean: 69mmboe x6k = 0.414TCF
Best: 37mmboe x6k = 0.2TCF
High: 176mmboe x 6k = 1.05TCF
ERCE Estimate:
1C: 59BCF
2C: 260BCF
3C: 1.024TCF
So I think the recent resource estimate is a solid start and hopefully that 3C is shifted into 1C and 2C within the next 12 months. I agree with CEO that Thomas would have done his research before accepting the role. I also note the 6 month payout should we be taken over (which would be fairly standard for his role I would assume).
cheers
Also just for the record, the ERCE estimate came out pretty damn...
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Mkt cap ! $65.79M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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Sellers (Offers)
| Price($) | Vol. | No. |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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