facts , page-7

Facts:

Any oil to the surface will be a discovery.
BRU will have 90 days.
This will de-risk the lead "A" East of Blackreef1.
Seismic was done but not 3D however was determined using Schlumberger Petrel (tm) 3D Seismic interpretation software.
Refer OBL Feb 2012 investor presentation
"Positve result (ie free oile entering the well bore and/or commercial production either by pump or free flow to surface) will demonstrate that oil can migrate some 6km and cross the fault and protentially charge the larger structures delineated by PRD to the east."
When discovery declared I would expect we can drill Lead A, or put on hold, BRU to make decision within 90 days.
Lots of answers still to come here folks.
In fact the very fact that oil did not gush may in fact assist all long term holders. with BRU not farmining in?
I note the words written on this forum before many times
Blackreef a bonus to the company as most of us hold for the Derby.
But it also seems from today's announcement that this is not a write off, so those that are leaving feeling burnt, sorry to see you go. The big picture still remains for this little company.

To management Niel and Kim, I am sure the short sighted parties beating you up today will read clearly what you have continued to provide to the market and regret if they sold into the future. Keep up the good (great work), your passion for this company will show.

Cudeco1 - Happy to remain on board