Yep agree entirely,Infact I was saying exactly this on the OBL...

Yep agree entirely,

Infact I was saying exactly this on the OBL thread before it went nuts. OBL was static at 3.2c and NSE and BRU were climbing. I thought something must be wrong with their prospects and asked the same questions and did some research
When I couldn't find a good reason (other than some of the posts which ran along the lines of 'it's not moving so shows what a dud this company is, or cap raising, be warned ..it will sink now")
Based on the reports I could find about the prospectivity of their Derby block I bought some OBL..and very happy i did. I ignored the other comments and just went with the reasoning that if BRU and NSE are gaining $10 of millions in market cap each day then OBL must be worth more than $15 million...
I've looked pretty hard at KEY's Canning Basin ground now, and I can't see a good reason as to why it shouldn't move up in tandem with its peers.

THere is EP 438...20% after farm down, one well planned 2012, free carried, Ungani wet gas discovery nearby

Then very close to OBL derby ground...
EP 104 KEY 15% Stokes Bay test pending , potential 100 bcf

L15 West Kora workover pending, produced at 350 boe/d oil


Further south EP 448, a v. large block adjacent to NSE ground. Nita formation prospects...JV options being pursued

North of Perth 20% of EP 437
1 well in 2011 with good oil shows, potential for gas with older well flowing 4.4 mmscf/d.

When you tally this up..there looks like there is plenty to justify a re rate..the JV mentioned above would be a major catalyst imo if it involved another party of note and not BRU who have received their farm in agreements on favourable terms to date