SS, assume you picked end of March as when the Independent Reserves Certification was due. Maybe you should extend it to first week April as it’s now due then?
Note we are going to get a Contingent Reserves number based on the Dolomite section 165m gross/50% net gas column, the lower open hole part of which was subject to testing, but it can include inferred calculations from the upper, cased part where the gas kick occurred eg 4TCF. Not sure it can include the 75m gross/10m net Upper Laurel Carbonates wet gas though. But we should also get another prospective reserves number based on the greater structure with 500m vertical closure eg 12TCF. It doesn’t state this, but I wonder if we could also get a 3rd number, based on the regional prospectivity, including potential Rafa lookalikes… maybe that could even include the tight Anderson gas potential eg 100s of TCFs…?
BRU Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
