Good post Au1, I do however like the way they keep on message with "Brookside value proposition centred on building an inventory of high quality oil and gas reserves and ultimately increasing value per leasehold acre. Strong, sustained production rates drive larger reserves per well which in turn drives higher leasehold acreage values" In terms of revenue and production, my understanding is there is a normal time lag between initial production results and revenue received and most likely because the Drilling JV is asset level funding the $ will stay off balance and then get re-invested in new wells. More wells = more reserves = higher $/acre.
I will try to confirm this management. GLTAH
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