Agreed re turd polish - why not come out and state...

Agreed re turd polish - why not come out and state directly:

“Drilling delayed to 2025

Seismic analysis, field model and reserve estimates are incomplete

In fact only 1C is done - 2C & 3C still in progress

Have adjacent targets but this regional potential also remains undefined

So not talking new partners until work is complete (timeline …. 2025????)

PreFEED ongoing for small pilot project but no ideas yet for large scale commercial development

Ungani asset 3rd party commercial proposals under review - possibly including an exploration well which would require external funding

Shallow prospect identified above Rafael - small and high risk. Will attempt to drill this year - will require external funding. “

Announcement is bait and switch - eg propose new activities to distract from failure on central activities - which suggests governance problem at board level.

Conclusion

A great asset but BRU lacks the required technical skills, commercial skills and funding to appraise and develop it in a realistic timeframe

BRU is grossly under- resourced relative to project requirements and should put itself up for sale - this is a massive fail