I think Anatol did buy some BRU recently.OBL have a more proven...

I think Anatol did buy some BRU recently.

OBL have a more proven resource in the Laurel but there is absolutely no funding or corporate certainty there. Derby hasn't even been awarded and we don't know how much of it OBL will end up with and how they will finance anything.

KEY has interesting ground but they are YEARS away from anything happening with it and once again, there is no funding or certainty around the potential resource.

NSE is having issues, Nicolay came up with dry gas even though the thermal maturity said wet and very low TOC and it looks like they're thinking about abandoning Gibbs, which we must infer means they think it's better to drill elsewhere and they're not confident of Gibbs producing the result they want. So there is some uncertainty there.. And a lot of the potential oil targets are likely to be tight.. but they're funded and they're drilling with large corporate interest. They also have a lot more acreage. It's not exactly on the same level as those two.

REY is different, they're targeting conventional oil as well as the more proven Laurel and they're 40% freecarried and will be fully funded. They offer high leverage to BRU's drilling next year. They're in a different class to OBL and KEY and almost a different resource to NSE (unless NSE is really lucky and finds conventional oil somewhere)