Not usually a conspiracy theorist but there have been a few thrown up on this forum of late. Got me thinking.. Mitsubishi.. Hmm, they would have to know exactly what bru do about the joint tenements. If they like what they see, would it not be in their best interest to suppress the bru price (not by on-market dodgies, but by operational decisions) for a potential bid to take out bru? Similarly, as I believe the gas is the main game (long-term) for both bru/Mitsubishi, the near term prospect of bru's market cap/SP being greatly increased prior to the testing of the potentially 'world class' gas fields (companies words, not mine) was hinging on the success of the oil exploration wells. If I was Mitsubishi, whilst the U3 result may have had an effect on the size of the Ungani structure, which would ultimately have little effect on Mitsubishi, this has had a great effect on bru and potentially brings down any bid if it were to be made to take out bru. Therefore if I was with Mitsubishi and was interested in the opportunity of taking out bru down the track I would be happy with the slowing of exploration wells on the oil, at least until I knew the likelihood of success of the gas field(s), thus allowing for a far lower take-over premium.. Just an idea and a possible further explanation of what is going on. I have no knowledge of this and this is simply a post trying to offer a possible scenario. All IMO, DYOR etc etc. take this with a grain of salt all the same :)
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