Knowing the answer to that general question will not help you with Raphael. Many wells are tested without clear downhole data and what data they have is often ambiguous ,….a bit like Currajong and consequently they do not come up with the goods. Raphael , on the other hand , has provided a lot more definitive data including pressure data and downhole samples showing various hydrocarbons. The well has intersected the expected regional geological formations and it appears we have good seal. The other thing that gives me comfort is that we have ORG looking over BRU’s shoulder . Whilst this is the oil business and anything can happen , I rate our chances of success as being very high ,….at least 95% or even approaching 100% . A few months back I said I was backing up the truck when it was 13 and 14 cents. I was still buying at 23.5 and 24 cents. So nothing like putting your money where your mouth is .
BRU Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
