No matter how good the chances are at U3 nothing is certain in O&G and there is always a gamble even on a "slam dunk" drill. It's not a "random gamble" but it's a complex engineering process and things happen essentially (for the purposes of investment as opposed to the deterministic physics sense) randomly. Need I remind you that Ungani 1 wasn't technically successful and we needed to sidetrack just to log and that we're using a practically unblooded rig?
I don't need to be told how great the reservoir is at Ungani. I'm one of the longest of the longs - ARQ long.. It's not often the drillbit encounters NO resistance in cavernous porosity.
However all this misses the context of the argument and the only point that should have been taken from my post - that a T/A trend can't foresee these events, not that U3 is a horribly risky drill.
- Forums
- ASX - By Stock
- BRU
- off we go
off we go, page-18
-
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BRU (ASX) to my watchlist
|
|||||
Last
8.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.06M |
Open | High | Low | Value | Volume |
8.5¢ | 8.6¢ | 8.4¢ | $17.53K | 207.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6192 | 8.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.5¢ | 47868 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6192 | 0.083 |
1 | 6707 | 0.082 |
1 | 100000 | 0.081 |
2 | 229532 | 0.080 |
1 | 8000 | 0.079 |
Price($) | Vol. | No. |
---|---|---|
0.085 | 47868 | 1 |
0.089 | 6236 | 1 |
0.090 | 50000 | 1 |
0.094 | 140000 | 2 |
0.100 | 377653 | 3 |
Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
Featured News
BRU (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online