Spec, On Ungani I did NOT get the impression Ungani was part of any Farm in. It seemed that it would more than likely be for the 3 wells , the shallower ones mentioned.
My feeling is that they have a serious Company onboard and if the 3 well program is a success they would more than likely be a Player of size who could bid for the Company as a whole but this is my own hypothesis and not something from the meeting over cups of tea.
BRU Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
