We are getting way off topic here. BRU needs to put out further clarification on when we might see some testing on Raffa . ORG’s approval processes do not take this long . Speaking of ORG , it seems that they are very busy with their Beetaloo Basin project , having just made an announcement regarding their progress with local indigenous groups , and plans for drilling and fracking. From the photos they are clearly doing a lot of work there. This next bit is not an “I told you so “ moment , but I do remember discussing with CEO the merits of a decent cap raise and drilling the best targets ourselves rather than farming out . That was my preferred way forward . CEO also had good reasons for farming out and sharing the risk , but we never considered that the farminee (ORG) would be a risk . It turns out that they are . As you will know I am no longer a shareholder but I plan to get back in at some point because I believe there is plenty more wet gas and maybe oil in BRU’s permits. Somebody needs to ask Eric what is happening and how long can ORG hold things up . Furthermore does he consider that ORG may have a conflict of interest between Beetaloo and Canning Basins . Finally, can BRU go sole risk and test Raffa and do further appraisal drilling ? In the meantime we continue to flatline .
BRU Price at posting:
13.0¢ Sentiment: Hold Disclosure: Not Held
