BRK 0.00% 1.1¢ brookside energy limited

Ann: Shareholder letter regarding AGM, page-27

  1. 27 Posts.
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    There should also be some biscuits and tea if DP is a nice bloke . I'm hoping Flames infrastructure and completion operations happen a little quicker than Rangers. There was about a 5 week lag time between drilling and setting up for the completion team + a further 2 weeks till CUDD actually commenced operations.

    Thinking about going to the AGM but Dan had done a pretty good job with the forecasting. The only thing he can't predict is market sentiment towards Oil (and Oklahoma real estate), which judging by our current share price/buy-sell ratio is non existent. I'm holding out till the Q3 report this year and just hope the revenue does the talking. With 3 well's operational we should be self sustaining for the remaining 16+ wells. But costing over 9 million per Well is going to eat up a lot of cash and I'm hoping there will be enough to go around for us little fish (buyback).

    With the options expired, 3 wells pumping and oil$100bll+ SURELY this thing will move. Had a fair bit of cash tied up in BRK for about 8 months now. Missed a few other good opportunities so ill be sad to leave without at least something.

    PS: easy to forget we are not actually in in the oil business but the Real Estate business. Sheesh i hope DP knows how to talk the talk and sell some prime acreage AND someone actually wants to buy it.

    Thanks Dan and others for all the helpful insights.
 
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