Good to see the company release some positive info to try to stop the rot.. Unfortunately didn't work. Everyone seems to be focussing on the negatives.. This was the most bullish comment I've seen regarding Ungani.. "In a more precise sense, RISC have interpreted the pressure and production data from the test and believe this has told us that it confirms that in the relatively small part of the structure the wells are producing from, there is at least 10 million barrels of recoverable oil. From our seismic mapping and interpretation, we at Buru believe there is potential for a lot more oil in the rest of the structure." This begs the question, from Buru's mapping, how big is the remainder of the structure? Seem to remember Slampoil throwing figures close to the 50mbo, just on some back of the envelope calcs, (hope I've got that right Slampoil). Hopefully that comes to fruition.. A lot of excitement to come in my opinion. Happy to hold.
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