Surfburger, Lets take one thing at a time. Firstly and foremostly, BRU has multiple options for selling gas, which incidentally is likely to be way more than 20 TF. 1. There is growing demand from some of the big LNG players including Woodside because they have a current gas shortage. 2.With Mitsubishi as a partner , an onshore LNG plant would be an option at some point but it would be more advantageous just to sell the gas as in 1 above. 3.There will be good domestic demand, and the state will be happy for a long term supply at reasonable prices.They will not have to rely on the offshore majors and expensive gas. 4. there is growing demand from some of the Pilbara mining companies who between them are currently using 50 to 60,000 liters of diesel a day. 5.BRU already has a gas sales contract with Alcoa, subject to proving up sufficient reserves,probably from Yulleroo, which should also happen in the next 12 months. You really need to read the last few presentations from BRU and much of the rest of your worries will be answered. BRU has a top quality management who have confronted far bigger problems than the ones you raise. They have also been working on various development scenarios including pipelines,trucking to a port facility that will have storage tanks and ship loading facilities, etc. Dont worry,.....be happy. It will all get sorted, but if you are still a serious worrier, then better that you buy shares in Woolworths or something safe.
BRU Price at posting:
$1.79 Sentiment: LT Buy Disclosure: Held
