Ric,
Whilst there is still much to be proved , there has already been much accomplished. BRU does have a multiple on trend oil discovery at Ungani....FACT.
BRU does have a wet gas discovery at Yulleroo....FACT.
BRU does have significant BCGA 's over its permits as drilled at Valhalla and Paradise wells....FACT.
BRU does have a gas sales contract with Alcoa.........FACT.
Several independent consultants have identified huge potential oil and gas reserves....FACT.
How is the story looking so far ??
The next step is to test the reservior at various locations . My guess is that they will test the conventional gas formations to quickly establish reserves and lock in the Alcoa contract and then sign up new contracts.
Then they will focus almost simultaneously on the Ungani trend and have it producing as soon as possible,....I think the target is 5000 bbls /day.
Then there is the bigger picture that will involve some of the bigger players , some deals , and sale/farmin of the massive gas reserves once proven up. Don't forget that there have been many successful step out wells on Valhalla and Paradise, with BRU's share estimated as much as 47 TCF, which is way bigger than anything in the Browse..
The market is very skittish at this time in the cycle , more so than usual, but the market will catch up as soon as a rig is contracted to carry out appraisal and testing operations, and flow tests results are announced. Eric and the Board are not slick willy promoters and take one step at a time . Sort of like the tortoise and the hair,.......slow and steady wins the race.
Be there or be square dude.
- Forums
- ASX - By Stock
- BRU
- the defintiive valuation
the defintiive valuation, page-39
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BRU (ASX) to my watchlist
(20min delay)
|
|||||
Last
8.2¢ |
Change
-0.003(3.53%) |
Mkt cap ! $55.05M |
Open | High | Low | Value | Volume |
8.9¢ | 8.9¢ | 8.2¢ | $24.90K | 299.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20593 | 8.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.8¢ | 3015 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20593 | 0.082 |
1 | 50000 | 0.080 |
3 | 135000 | 0.079 |
1 | 10000 | 0.078 |
1 | 10000 | 0.075 |
Price($) | Vol. | No. |
---|---|---|
0.088 | 3015 | 1 |
0.089 | 12893 | 2 |
0.090 | 160853 | 3 |
0.091 | 6000 | 1 |
0.093 | 209897 | 2 |
Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
Featured News
BRU (ASX) Chart |
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online