Didn't you guys (not Eric obv) already raise money to appraise...

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thecone

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26/04/24

04:12

Post #: 73514955
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Originally posted by speculator101 ↑

Hmm.... I think I have almost turned into rock... in my cave after waiting so long for BRU to do some actual field actives (drill a well!).

Without a doubt, not drilling Raffa this year is disappointing. But... for better or worse, it's now done. If they could not get a great J/V deal with the limited data to date, then of course it makes sense to delay, though of course I don't like it.

Pleased to see that the team have not totally forgotten that the Canning is incredibly prospective and... as such should see exploration wells...

Ungani North is interesting (as hinted, it was planned to be drilled in the past, have to dig to see which J/V that was under).

As for Raffa Shallow, again... just happy to see more wells drilled, albeit, no certainty of anything happening......................

I sincerely hope that these two wells have been a focus irrespective of Raffa, but... hard to know at this stage.... (they imply this, but the thing that matters is when the 'button' is pushed to actually see these two wells happen).

I would be willing to support a cap raising if it was 100% for drilling the two wells.

Anyway, hmmm... back to cave, wake me when the rig contract is signed @CEOChair

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Didn't you guys (not Eric obv) already raise money to appraise Rafeal..?
Now you want to go exploring...... Some other random target. You're happy about this?
Haven't the board got some explaining to do. Or was the Cr just for looong lead items?
Good luck tc.

BRU Price at posting: 9.9¢ Sentiment: None Disclosure: Not Held
8 Upvote

2 Great analysis

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