Ann: Rafael Gas Project Update, page-26

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12/04/25

08:50

Post #: 78663305
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Originally posted by CEOChair: ↑

Seems that way, rasa, unless they are covering all bases and it’s still just one of a number of funding options. If Tom has failed to monetize 2H or persuade NAIF to lend us some dough, the alternatives are to secure a partner to free carry Rafa-1 retest and preferably Rafa-2 appraisal too, or to raise and go solo.

When I noticed Rafa-2 was not going to follow Rafa-1 retest immediately this season, I did wonder if the reason was Rafa-1 retest funding was not a big deal, particularly if Tom flogged 2H as advertised, and then raise funds for Rafa-2 on the back of (hopefully) success. I guess there might be other technical reasons to do with the location of the appraisal well being optimized from the retesting data.

The Investor Relations blurb points you in the direction of the Investor Hub where you can apparently ask any questions directly and get a response posted back. Does anyone intend to use this? It occurred to me maybe the BRUthers would like to post any questions on this thread submit them as a collective? If so, I’m happy to collate anything anyone posts over the weekend (without editing so please spellcheck first) and send them “from HotCopper” and see what the response is unless anyone else wants to volunteer? I don’t know if it’s supposed to be a public conversation, but I think anyone can follow up and respond directly to the company on the Investor Hub after that, this is just to get the ball rolling. I think it’s a good idea to have an open channel to investors.

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Hi CEO, though there probably isn't a lot they are going to be able to tell anyone other than what's already been released.

BRU Price at posting: 3.9¢ Sentiment: Hold Disclosure: Held
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