Cujo, whilst I share some of your frustration, there are a couple of things that need to be clarified. Firstly , there was no promised revenue by BRU to ROC. Each party does their own calculations based on data available. Seems that they both stuffed up. Secondly, we are no longer in wildcat territory. We have a basin wide wet gas accumulation, a hydrocarbon migration pathway, and numerous discrete oil and gas traps. The JV is still trying to figure out the geology and locate decent targets that will result in a high impact value addition. When this will happen is anyone’s guess,.....maybe Adoxa will deliver, or Yulleroo, or the upcoming well at Miani. Maybe none of them . But whatever way you look at it they need something very good very soon .
BRU Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
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