Banter and General Comments .. BRK, page-3644

Just in regards to MAY vs BRK .

Whilst there is a very good chance MAY have discovered a significant oil field ( what a brilliant result!) where their WI will give them tens of millions of barrels of oil and gas equivalent reserves , you can be pretty sure production of significant quantities of hydrocarbons is at least 2 -3 years away.

BRK on the other hand , also have tens of millions of BOE reserves ( won't be as large as MAY though) and will have fully developed their Sycamore reserves before the end of 2023, with at least 7000 BOEPD production ( before the decline) at possibly more than 12 months before MAY cash in a drop of oil, excluding any production tests MAY will conduct.

I don't think the market grasps that concept. The velocity and now the magnitude of the cash conveyor belt advantage BRK have over pretty well every other major oil producer on the ASX ( excluding CE1 who also have a high recycle rate)is one of the material points of difference .

Cheers

Dan