Ann: Operations Update, page-38

Hi B and S

Well I happy to get rid of the coastal blocks as I never liked the petroleum geology

But at least 2 of the larger Acacia sandstone play should have been drilled.

I still believe that the tight condensate gas play has missed this cycle of exploration and development.

So Bru now really reduced to its core oil area, let's hope they actual do there job of drilling and testing valid prospects.

You have to say the performance from victory 1 were just plain terrible operator ship by Buru.

So it now comes down to two key factors

Drilling Ungani prospects and the management of the company. I like the prospects but do u think Eric can deliver?

My view it's s 50/50 call and bru is most probably worth a small punt at sub 20 cents.