Ann: Further Step-Up in Drilling and Completion Activity, page-18

We have small interest yes - but it's spread out.

See the Slide I posted

3%. X 175 wells = 5 wells effective full basis x 1m barrels = 5m barrels reserves

Etc

This is all about reserves growth and ultimately sale of undeveloped reserves .

People make the mistake thinking about only a 3% of finished wells of a cash flow perspective .

That's about one well. And error . Forget cash flow as it is based on finished wells .
We are NOT a cash flow valuation .

The business model here is about the 6.5 or 14 other wells in the block NOT developed .

That's where the undeveloped reserves are.

We sell an asset which has grown in value as proved by the well completion by the adjacent blocks .

Our goal is to sell undeveloped reserves - not make money from the 3% in one well on the block that has been completed as a proof of concept .

Our 3% will give us net 5-20 m barrels for BRK - is my understanding .

Sell that and cash return to BRK.