The market for BRU was doing its usual thing well before the announcement, and that is the appearance of a seller right at the opening, to push the price down a bit on small volume. This seems to be a regular occurrence. Hardly any surprise that we had to wait a little longer to get things flowing so no big deal. The oil is not going anywhere in the meantime.
A farm-out on good terms, a successful exploration well or two, successful testing at Ungani, a significant reserves upgrade....are all within reach and should provide sound economics for a pipeline to Broome, not to mention mega increase in cashflow.
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