Cheers for the amusing posts gents.
This slide for me, was the most interesting....
So... what I would really like to do is just speak to Eric, but... until then... more guessing. The wording in the slide to me states that they are going to drill at least 1 well on Ungani field itself (perhaps U6 or a step out of U3/5), and 3 wells surrounding the Ungani production area. As shown by the yellow dotted oval shape. It also says to me that Butler and Hotdog targets have been relegated, for whatever reason (perhaps REY is not being much use, or perhaps after Eric went to the U.S, he got less interest than hoped for the HTD targets?). Makes sense that BRU will drill at least one well later in the year on Ungani. The 3 exploration wells, I am really hopeful, will be on a target by target basis, just the structure itself, not the tenement it is located in.
Its truly surprising to me, that for just $20m, farmin partners could potentially be drilling for 150m-250m+ barrels of oil, onshore! If I had the time, I would try and list the many, many farmins and J/Vs that were pulled off in the Cooper Basin in the past 15 years that included more than $20m, yet... were targeting piddly little fields! Anyway, what will be will be, but its a damn shame that all the plans that BRU put forth last year and not yet achieved. Broome, even if doable in 12 months, is now at best perhaps June 2019... etc. Am I frustrated, bitter, annoyed and grumpy. Yeah, but... still I hold because BRU is a bit like FAR, with its big targets, holding all the cards, yet... onshore in boring old W.A.
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