Modula. A flowtest at Y4 is a very high chance ... to paraphrase Doodlebug from last week (and Doodlebug always seems to have good insights), they didn't flowtest Y3 because they didn't expect to strike a conventional sand package and they didn't have the right equipment at site. So one would assume that they have anticipated needing it this time! A flowtest will be very exciting ... The information it will provide on flowrates, field pressure (size), liquids proportion, gas content, etc, will let analysts derisk their models and should lead to upgrades in NPV and target share price. After that investor focus is likely to move from exploration (ie. is it down there?) and development (ie. can we get it out?) to market (ie. who will we sell it to).
BRU Price at posting:
$2.54 Sentiment: None Disclosure: Not Held
