I've done my own valuation model and just on the jewel well at a 4x p.e BRK could add value of 8-10 cents alone.
That should be easily achievable by Q4 this year and assumes a per barrel price of $60. The reality is that barrel price will be higher by then and they also have other wells they can restore/make which really means, if there are no hiccups with Jewel, I can't see why this isn't at an SP of 6-7c+ in July. The moment they start spudding another well with 50% working interest this could also double the SP potential as it adds de-risked value to their other assets
Anyone know when specifically they have indicated they'll start on the next high working interest drill after jewel? Logically I think it would be after/during July with proven cash flows.
BRK Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)