These oil shows have nothing to do with the 5mmbbl Willara target. This is exploring the much, much bigger unconventional Goldwyer prospectivity. That said the 5mmbbl in Willara would see it double last week's lows so it's nothing to sniff at either. BRU estimate they have 3 billion barrels of unconventional oil in their permits. The majority of it in the Goldwyer. That is what this drill means to them - starting to prove that up. KEY of course have unfortunately not given us an estimate yet of the Goldwyer resources on this permit. It is likely to be very substantial. With a $10m mkt cap, when or if the market wakes up to the possibilities it should have an impressive re-rating.
KEY Price at posting:
2.8¢ Sentiment: LT Buy Disclosure: Held