three, page-2

Stone Pony

You questioned the possibility of sending BRU broke.

Here are some calculations:

Let's look at risked recoverable P50 estimated at 391 MMbbls (from just one of 3 potential producing USO zones mapped by 3D-Geo in Petrel).

However if we go conservative at P90 estimated at 139 MMbbls has an in ground value of $8.3 billion @ $60/bbl – 3% equates to over $250m in royalties. A massive blunder by BRU management.

Environmentals done. Time to get a farmin and get things rolling. I would not want that potential risk sitting on my shoulders.

An easy solution, TAKEOVER OBL as OBL have a 9 million market cap. It could be a cheap and easy takeover for BRU and good switch for BRU holders as BRU is tanking at the moment. BRU also pick up the Derby Block and eliminate the risk.

20 cents sounds like a nice figure.