Hey Jop, firstly, as always I appreciate your views, even if...

Hey Jop, firstly, as always I appreciate your views, even if they differ from mine.
The company has indeed gone silent on Broome, although for now, I will, hesitantly, give them the benefit of the doubt, simply because all they had planned relied on U4 & U5 being tested and allowing certification of the 2P, which I assume in turn would lock in their ability to flick the 'switch' for Broome.
Oh boy would I have a word to say if Broome suddenly was not their main goal for Ungani production going forward!

That being said, I feel you later statement on BRU not going wildcatting, and instead should be 100% focused on Ungani/Broome, is defintely the most prudent if you are looking at the straight econommics of what BRU has right now, however I think that is exactly what BRU is doing, but... instead of waiting another 12-24 months to drill some of their world class onshore targets, they are bring in partners to take the cost off their balance sheet. I think the farmout strategy has actually become even more important after the terrible luck the company has had with the cyclones and production being stopped for almost 3 months. Yes, 4 good targets are going to be drilled, but... that is 4 more than the potentially zero that BRU would have been able to drill on its own in 2018.

I have said it before, Eric wants to squeeze in anything and everything he can in the near term, because, he's probably getting close to wanting to hang up his boots (yes, already tried to do this a while back). Plus, BRU is in the firing line, Twiggy is buying up the entire canning basin on the cheap, Eric sure as hell wants to bolster BRUs moat before any sort of corporate action occurs.

Oh, lastly, I don't think BRUs well locations are wild cats at all (although am I right in thinking you were just using the term for effect?), they are all covered by 3D seismic, have had multiple wells drilled at targets across the basin that have in some cases been cored, or successful etc to best assist them in choosing the targets with the best chance of success. If any of the wells discovery a economic oil/gas field, it will likely multiple the amount of targets by many times, more than balancing out the fact that we have to share the successful discovery.

I do feel I understand where you are coming from, but... original holders have been here a decade now, the SP is now 50% higher... but... down 90% from its highs. Am I being impatient, perhaps a little, but... "A bird in the hand is worth two in the bush".

I shudder to think how many times I have posted this... but.... not long to wait to find out... hahahahahah (maniacal, slightly insane laughter)..