Actually Ungani North is likely to have a much bigger upside than Asgard on a success case, it'll be the most likely large mover in the immediate future.. With a prospective 3 billion barrels of conventional oil in the Ungani area, unlocking another 30mmbbl of almost immediately commercial hydrocarbons means a lot more than proving up more of the BCGA when we can already see from historical well data it's highly likely to extend far beyond the current BRU drills and gas sales are well into the future. The BCGA could be absolutely massive, but Ungani is so much more immediately profitable and would further derisk the Ungani area which is massive in itself.
BRU Price at posting:
$3.31 Sentiment: LT Buy Disclosure: Held
