0.5c per share dividend, page-100

( Cash + BRK Shares + Tax LossesCarriedForward) is now at 144% of market Cap
and that is ignoring oil in the ground with working wells.

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		31/03/2023	19/05/2023
1	BRK Shares share price	0.012	0.016
2	Value of BRK shares	630,000	840,000
3	Cash in bank at 31/3/2023	10,580,000
4	Income 31/3/2023 to 19/5/2023		652,438
5	Estimated cash in bank		11,232,438
6	EstimateCash +liquid BRK shares		12,072,438
7
8	# shares	684,435,083
9	share price 19/05/2023		0.015
10	Market Cap		10,266,526
11	Liquid assets Excluding Tax losses carried forward		12,072,438
12	Tax Losses Carried forward 7,571,032@25%		1,892,758
13	Liquid Assets=Cash+BRK Shares + TaxLossCarriedForward		14,805,196
14	Enterprise Value EV=(Market Cap -Liquid assets)		-4,538,670
15	Enterprise value EV /Market Cap		-44.2%
16	Liquid Assets+Tax LossesCarriedForwad / Number Shares		0.0216

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	Now Add in James7821share price adjustments of 0.004 AUD per point of P/E		Fair Value Estimate AUD$	% increase current onshare price
1	Brookside Energy P/E= 5.0* P/E, Add 5.0*.4cent	=0.0216+5*0.004	0.042	178%
2	Calima EnergyP/E=2.7*, Add2.7 * 0.4 cents	=0.0216+2.7*0.004	0.032	116%
3	Sagilio Energy P/E=8.5,Add 8.5*0.4 cents	=0.0216+8.5*0.004	0.056	271%
4	Fitzroy River 22.3 P/E = 22.3 , Add 22.3 *0.4 cents	=0.0216+22.3*0.004	0.111	639%
5	Industry averageP/E= 13.4*, Add 13.4 *0.4 Cents	=0.0216+13.4*0.004	0.075	402%

Extremely undervalued in my view.
Do your own research.

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