Ann: Juanita Well Operations Update, page-41

A lot of wasted words on this thread at the moment.

Bringing the focus back to the main game..

Back of the envelope calculations show BRK posting a 2022 EBITDA of ~AUD$30-33 million , of which ~$20-22 million would have been earned in the second half of the year, where I =$0, T=$0. So a non cash item will determine the net profit for 2022.

In essence BRK are trading on a P/E ratio of 2 and EV/E of 1.

Obviously will need to see how the Wolf Pack , Juanita wells perform, but excluding those and any other wells to be completed and placed on production in 2023 , (taking well declines into consideration), the EBTIDA for 2023 based on current commodity pricing is ~$20 million.


Not bad for a company that is mean't to be a hopeless failure.

And then there is the monetisation event.

Happy New Year

Cheers

Dan