I am a little disappointed at $46 AUD. I realize the trucking is not cheap, but still... It just shows how important the 2 horizontal wells are. If they are able to bring the field up to say 2,000bopd, then it would indeed push the cost down to the low $30s.
As for BRUs pay structure... I don't want to get started. I am very happy to see that the operations manager has 1,000,000 shares in the company. He is the man on the ground.
Not a whole lot in the report overall.
Not sure I can comment much on the top 20. The largest holder is a big player, and hence, so sub notices etc. If I ever get time I might have a look at some of the other names.
Cmon BRU/ROC, the wet season has been kind, the rig should be starting to move, at the latest by the 8th of April (as specified), with spudding on May 1st.
BRU Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
