Still can't believe they got cold feet. Rather have a hunch, that before they announce they will
take over the operatorship for gas from their JV-Partner BRU for their part of the Canning
SUPER Basin, they might still have bigger intentions, for other areas within the basin.
The planned seismic survey around Rafael will bring REY into the picture.
(Don't forget: REY is allegedly negotiating with a possible partner for drilling EP487, which
would become urgent now. REY really needs it.) IMHO the Derby Block is worth to be
negotiated for ages with the chinese owners, if nessassary. There are more areas north,
south and east of BRU's interest. Hope our JV-partner will come back to the table soon.
BRU Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
