All discoveries are stranded until their economics support a development. Just like the original NWS discoveries were "stranded" until they got a gas market and were developed.
Yulleroo , as good as it looks , is still not the big enchilada . The gas and liquids reserves that are likely to be in the Laurel formation well and truly dwarf Yulleroo.
So in order of value , it might be that this is the order that will be eventually established.
1 Laurel formation gas and liquids
2 Oil exploration prospects to be drilled this year
3 Yulleroo gas and liquids
4 Ungani trend including current production
There are very few if any oil companies operating in Australia that have so much diverse potential. BRU are now well on the way to proving it all up and adding huge value that should see the current share price being many multiples of where it is now.
All discoveries are stranded until their economics support a...
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Last
9.5¢ |
Change
0.003(3.26%) |
Mkt cap ! $63.77M | |||
| Open | High | Low | Value | Volume |
| 9.2¢ | 9.5¢ | 9.1¢ | $24.16K | 261.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 39231 | 9.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.6¢ | 6000 | 1 |
View Market Depth
| Last trade - 15.58pm 07/05/2024 (20 minute delay) ? |
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Last
9.1¢ |
Change
0.003 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 9.6¢ | 9.6¢ | 9.1¢ | 68046 | ||
| Last updated 15.06pm 07/05/2024 ? | |||||
| BRU (ASX) Chart |