This is possibly what could happen from here. All are facts or in my opinion within the realms of possibility based on earlier well reports and independent reports, so not a ramp as far as I am concerned.
# Exploration wells , some on decent high impact targets in a known oil and gas province.
#Appraisal wells on the wider Laurel formation , which covers a massive geographical area.
#Reserve upgrades eventually reaching tens of TCF gas and billions bbls of associated liquids.
#Gas sales contracts with Alcoa, Coogee Chemicals, miners, State utilities and LNG plants.
#Development plans for oil and gas liquids including pipeline to Broome.
#Development plans for gas and pipeline to feed into existing Domgas pipeline /LNG plants.
#Chances of a takeover after initial Laurel testing are high, with a number of contenders.
If we get a successful Laurel formation test the shareprice will react like a rat biting into a 240 volt cable, and that's the time when we could see a takeover. Price will be too high for Coogee and other low end operators such as Ryan Stokes / Seven Group so we could see a Woodside or another big player such as BHP or another multinational.
TO's become wealthy and have many job/career opportunities. Shareholders become wealthy. State Govt pulls big revenue. Many jobs created All are happy except Greens who have suffered mental decline due to smoking too much pot.
I cant see it playing out any other way.
BRU Price at posting:
62.0¢ Sentiment: Buy Disclosure: Held
