Excellent post on reality Dan, not forgetting that SHE have first right of refusal for BRK wells in thier agreement as preferred drillco...however does not guarantee them participation if they drag the chain on funding or other matters.
BRK have the leasing and mineral rights lined up, paid and ready to go for Jewell and some, SHE will need to have a sufficient amount of capital as you said to have a meaningful participation in Jewell, Rangers, Flames, Orion including Bradbury project.....
I feel they may have capital for Jewell but will probably need to go cap in hand for other well participation....especially should BRK want or need to move on or keep momentum going in thier program. Leases need to be renewed if not being drilled or producing so I expect some pressure before long to keep up....
Should Jewell DSU well come off with respectable or even higher IP rates BRK may find themselves with other suitors willing and offering to fund as driller's....
Keep well cheers Paul
BRK Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
(20min delay)