Ann: Half Year Accounts, page-21

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Chillicop

5,118 Posts.

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13/09/23

21:54

Post #: 69848659
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Originally posted by docmin24: ↑

My opinion re buybacks has some merit but a very slow process and takes ages to see the end result, if ever as we are only using a relatively small cash buys, however, reduces further dilutionary effects which may prevent consolidation down the track.

Re dividends also has merit but again paying a tiny 0.1 of a cent as an example mentioned, goes nowhere and a serious waste of cash. Dividends have to be much higher for it to be effective and importantly incentivise new investors and grow our SP.

So, as I see it the only real option for us is to continue doing as we are, acquire more land and aggressively keep drilling more wells (why change what seems to be a great working business model and a finely tuned drilling team) and this should exponentially grow our business and income from a small tier producer to a significant mid-tier producer with multiple oil wells all earning significant income, then in turn we should start to see our very unacceptable low SP increase back over 3-4+c.

Then once we have achieved much larger oil producing field/wells all earning significantly more income coming into the business, then hopefully the real incentive to reward holders finally with a healthy SP is to entice a formal TO. That's how I see it. Now back to reading occasionally, commenting a few times a year. GLTA.....

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Continue as are. aggressively keep drilling wells.

you sure you have the right stock code ?
BRK.

aggressive drilling ??

Last edited by Chillicop: 13/09/23

BRK Price at posting: 1.3¢ Sentiment: Hold Disclosure: Held
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Last 48.0¢		Change -0.020(4.00%)		Mkt cap ! $45.82M

Open	High	Low	Value	Volume
50.0¢	50.0¢	48.0¢	$22.75K	46.52K

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1	10	48.0¢

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Price($)	Vol.	No.
50.0¢	29079	4

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1	800	0.470
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0.500	28513	3
0.510	10000	1
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Ann: Half Year Accounts, page-21

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Ann: Half Year Accounts, page-21

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