AWE still owns I think about 13% of BRU. BRU is a high risk high reward company, probably didn't fit with AWE's more conservative approach, and certainly at the time of the ARC energy purchase the canning was very speculative!
Look at Adelphi, ARQ also had an interest in them, and now AWE has bought them outright... who is to say they wouldn't do the same with BRU if they get to the point where AWE thinks they are a better fit.
I accidentally added to my position the other day at 48c. Had canceled my bid on the 10th Nov, but apparently it didn't really cancel! Oh well can't complain at the moment! So I now have a slightly more respectable parcel rather than just the 2000 odd I originally got from the arq demerger.
The lost circulation worries me. This has been a problem since the first drill back in the ARQ days. Maybe it is just a techical problem that they need to find a solution to, but they had better do so soon IMO.
Tony.
AWE still owns I think about 13% of BRU. BRU is a high risk high...
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
