Ann: Rafael Resource Update and Regional Exploration Potential, page-7

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lbraz4me

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26/07/24

12:28

Post #: 74930851
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Originally posted by CanningSuperBasin: ↑

The unlocking of the basin is accelerating.
A fairway along the Southern flank of the basin has been identified as a strong geological trend holding both a high probability of gas and condensate in multiple deeper seismic signatures analogous to Raf-1, but equally incredible, the high probability of oil prospects analogous to Shallow.
Whilst the 3C is disappointing, Phase 1 will proceed as planned, whilst follow-up prospects are strategically ranked.
Phase 1 revenue will enable the momentum to build to a self-sustaining business model that will hopefully reduce the farm-out requirements in the future.
Right now, it's all about Shallow. The implications of a significant viable discovery will change everything for us.

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Exactly Tom said he was very excited about the prospect and is really keen to get the drilling done this season if good it will validate the 3D program and give more confidence in targets, Interesting times.

BRU Price at posting: 8.6¢ Sentiment: Buy Disclosure: Held
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