Hi VH - I have to strongly disagree and that is largely because of what firstly Eric has now elaborated upon in more recent presentations and what
@bhutos and I researched (he the researching, me the searching) a while back, BRU has now, through much analysis and research, found that the Canning Basin is likely to host a new play type - Hydrothermal Dolomites (HTD), in particular, the Hotdog prospect in BRUs northern acreage.
I did a post on this a while back -
hydrothermal dolomite (htd) reservoirs
These structures are monsters and the US explorers know them better than anyone. That is why I believe Eric was over there, plus of course, the simply that I do not know of any drilling prospects that of a similar size to Rafael, or Yakka munga that are conventional oil prospects not in deep water.
While I am sure that Eric enjoyed his trip to the NOMA event, he I believe rightly had a place there as BRUs prospects are world class. We will see of course, as in the end money talks and the results of any farmouts will be the final proof of whether BRU is worthy of attention.