Ungani is huge, to monetize the lot would take several lifetimes, as some are suggesting, it makes sense to give away a little piece away in exchange for a lot of money.
Money that can be used to fund not only the 2018 drilling programme but a list of other things, Broome being key among them. Sure cash flow promises to be strong but why waitif we can fly now and get someone else to pay. That way we get to keep the elephant and lose only a little tail, could be a win/win.
Any such move will surely rule out a CR.
Debt, when money will become more expensive, is probably best avoided if there is a better option.
BRU has been talking to a lot of people, for quite a while now - could be the final deal cum farmin is a little unconventional but could be very crafty.
We await the big reveal.![]()
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