With a market cap of only $750k, and a risked (at 10%)net...

With a market cap of only $750k, and a risked (at 10%)net 150Mbbls in the Ungani play alone within the immediate area giving a risked value of $3B at $20, how god is Buru? And $20/bbl is a reasonable NPV at that level of potential reserves given we would be producing more efficiently at the higher reserves level.

So very easy to sleep at night when we are trading at 25% of a reasonable valuation on Ungani area alone. And 10% risking may be too conservative, plus the Ungani potential exists outside that risked area.

Then add the huge Laurel play that's slowly being revealed, the huge Goldwyer shale that is being tested by Buru and neighbours, the other shales, the other conventionals, Yulleroo, good partners, good customers being lined up....

How often do you get a run at this potential? I'm often amazed that it is still where it is price wise but don't really worry other than about the potential for a premature takeover. So while the lack of production testing of the Laurel play may be seen to hold this up by some, and I'd probably agree, it's really a free go considering what Ungani and the Ungani trend alone is worth.

If not taken over, easy to see a multiple of 10x current value at some point in the medium term. And some of us have already seen that 10x return where we are now.