My understanding is that Buru has three dip lines and one strike line of seismic data which was enough to define a prospect but there are still huge degrees of freedom in how you might pick the seismic data and depth convert from TWT to metre below surface.
Now they have two depth control points but you can still flex and warp the structure by huge amounts.
So if U2 flows at high rates and the reservoir is still Dolomitised limestone I expect U3 to be drilled straight away.
Lets see what tomorrow brings!!!
BRU Price at posting:
$1.30 Sentiment: None Disclosure: Not Held
