Ann: Wolf Pack Produces Over 40,000 BOE In Its First Month, page-16

Great start to production in the flow back period.

Currently flowing at 1500 BOEPD oil and increasing , this means with 80% being oil it's doing 1200 BOPD .

To match Sundance Kid and Billy the Kid on a BOPD per lateral foot max flows it needs to get to 1331 BOPD and 1540 BOPD respectively.

Then, WP needs to have a similar decline profile and we could be looking at a well that will do over 400,000 BOE in the first 12 month.

The current 300 BOEPD gas / NGL's will also hopefully continue increase past the peak oil period so as per SK and BK, we get a sustained production profile close to the peak flow level for more than 2-3 months, and more like 4-6 months.

The only downer here is the crazy lower gas price , but the production mix of ~90% liquids means the current gas revenue is less ~5 % of the revenue stream.. so even if gas was triple the price at US$8 per MCF, total well revenue would only be ~10% higher.

At current prices, WP is grossing from oil alone AUD $120,000 per day ,of which BRK is grossing ~AUD$80,000 per day at its 84% WI and after 20% royalties.... net to BRK's bank from Oil sales only will be ~AUD$75,000 per day. Will need a bit more information to be able to calculate the gas/NGL numbers

Well done David, Gracjan and the Black mesa team and support industry teams.

Another great day to be a Brookie!

Cheers

Dan