Very good presentation Mr Bhutos, greatly appreciated.
Nothing but good news. Obviously some were looking to make a quick buck, or were expecting bigger numbers. Not sure and not concerned. Things are starting to come together for Buru. Multiple so-called stranded assets that will be gaining some interest from the larger fish.
Hopefully we can lock in a rig, capable of drilling these depths. I've no idea of rig availability but I'd imagine there will be a bit of a backlog.
They haven't came out and said it, but, what an absolute balls up they made drilling and completing Rafael 1... whether the wellbore collapsed, the casing was set at the wrong depth or it was the dirty wellbore fluid settling out over months (blame McClown for this) prior to the flowback.
Really hope the Lessons Learned book was being filled out along the way, and they get it right the next time, first time.
The Billion dollar question is really just how big is Rafael? It certainly looks like the real deal.
Thanks again Mr B.
GLTAH
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