Arlberg- good point about the relatively low risk of onshore developments particularly if you have established good local relationships as Buru have done over the years. Not often you get a rise like this when announcing your testing program is delayed. It seems more of a response to them reiterating that there are probably more Unganis and that the appraisal of the Valhalla regional gas accumulation was successful. The latter is the big one, as the Ungani lookalikes will each have their own risks even though their chances of success have substantially improved.
And Conoco will soon start working on their Goldwyer project effectively a freebie for Buru, while Buru drills the #$@&* out of the Ungani area and hopefully proves up Yulleroo. I think we need three rigs now.
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