time for project valuation, page-7

I like reading stuff like this as I enjoying trying to do it myself

I've done some research on that part of the Canning Basin and I think the companies Backreef project could really be a company maker and will be closely watched by I'm guessing BRU NSE and other Canning Participants.

Given that the proposed Backreef is adjacent to the Blina Field it could be said to be in the "sweet spot" and at the very least should increase its chances of success as well as ensure that any discovery can be quickly monetized by existing infrastructure

"Fitzroy Trough - Northern margin
The EP104/R1, EP129, L6/L8 (Blina) production licences, lie along the northern margin of the Fitzroy trough. These licences contain the only historic commercial oil production in the Canning Superbasin at the Blina/Sundown and associated oil fields which have produced a total of approximately 1.8 million barrels of oil.

The extensive infrastructure in the Blina area means any discoveries in this area will be able to be quickly and economically brought into production."


http://www.buruenergy.com/web/Projects/Canning_Superbasin_Overview/