Ann: Trading Halt, page-109

they are not taking on debt they have used the options as collateral because they dont want to wait till June-30

There is literally no down side to this move EVEN if oil dropped 20-30% from the current values now we would still be getting around ~75-85$ BOE which is well above the $40 BOE we were hoping to make the venture worth while.

ill go even further even if Oil dropped 50% before they sold a Barrel from the Flames we would still be getting close to ~$60 a BOE which is still fair profitable.

On the flip side the macro-economics suggest Oil will only increase in value resulting in bigger margins.

If i was to bet Oil will be higher in 3 months then it is now due to so many Russian based operations stopping. This an increase of Oil price from here of 20-30% literally we could pump out our entire market cap right now by 2024 . with 3-6 wells up.

Anyone and i mean anyone those hasn't realised how much this improves BRK right now shouldnt be investing in Oil stocks