Yes, generating more cash to drill more wells. Why would the company return money to shareholders via a buy back during the BIGGEST oil boom in a generation and where they are sitting on a 11 MBOE reserve (conservatively estimated).
Management would have to have rocks in their heads to return cash to share holders now...
You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done
And in the case of oil well drilling the dealing ain't done
Banter and General Comments .. BRK, page-4252
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1.1¢ |
Change
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Mkt cap ! $52.50M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $168.7K | 15.37M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 18081297 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 2200000 | 2 |
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| BRK (ASX) Chart |