In the oil generating window, low methane levels, supports the view that they have encountered an active petroleum system.
BRU is the box seat for the next couple of months regarding the Goldwyer formation, as frustratingly, NSE have had to cancel their rig.
Nice to be in the 'know' if you get what I mean.
Of course, until the cores are analysed the market might only raise an eyebrow, then fall back to sleep.
This week should be quite a full one, with Cyrene-1 soon to hit its conventional target and Yulleroo-4 soon to hit what I believe (going from the past wells in regards to depth etc) to be the first of the gas bearing layers. I think by perhaps Thursday, they will know to some extent, whether the Yulleroo field extends much further than first though when Yulleroo-2/3 results were first announced many years ago. All IMO!!!
BRU Price at posting:
$2.39 Sentiment: LT Buy Disclosure: Held
