Ann: Transformational Drilling Program and Further Share Buy-Back, page-67

First 67 Last

Share
Profile

Follow
TheProfessional

1,308 Posts.

1064

13/12/23

16:52

Post #: 71431274
Share

Originally posted by LewZealand: ↑

I’m pretty happy with the announcement. From other (not BRK) announcements I thought it was clear a c. 20% discount rate would probably be applicable. People then need to refer to what happens to the NPV if you can reduce drill costs or operating costs… both of which I believe are reduced by drilling multiple wells as the same time.

Problem is for shareholders is now that we are going face 9 months where cash reduces, production decreases before everything is completed in Q3. Not sure what “key announcements” we will have until then. However, post completion we should be aiming to have another announcement within about 6 months for the next set of 4-6 wells (again on the basis of development).

Not what’s gonna happen with loans and to be honest I don’t care, most likely a roll over for another 12 months.

Has management screwed people, I would highly disagree, I believe they continue to provide the best overall returns for shareholders. People like to quote the valuation , so need to assess some of the variables. If you want to sell, I now think you are realistically looking at a NPV20, I maintain reduction in commodity prices is semi offset by increase in acreage (and bring forward of some existing Jewell/rangers/flames cash flow), and then have a look at npv when drilling and completion costs reduce and open reduces.

On the SP reckon we are highly undervalued at 1.2. But realistically it’s going to take a while for disappointed people to exit. on ly opinion trying to change management is unlikely to change the plan for converting the reserves to cash.

my rough back of the envelope, yesterday when I posted was July 2024 production for 4 wells, in 12 months after that bring on 5 new wells into production and the 6 wells 12 months later. Not saying this will happen but that gets us to 19 wells within 5 years of Jewell production starting. This is close to the 20 wells in 5 years (but with some delays).

Expand

An excellent analysis from our Kiwi friend. Nailed it. The top 10 shareholders are very supportive of the direction management are taking this company.

Back to my goon bag. As you were.

BRK Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

Eurozone-based companies find new ways to secure a regional lithium supply

Time for retail therapy buying in the shopping Scentre for hot stocks

SS1

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

End of FY is a time to juggle wins, losses and capital gains taxes

There are more pages in this discussion • 61 more messages in this thread...

First 67 Last

Add BRK (ASX) to my watchlist

(20min delay)
Last 1.3¢		Change -0.001(3.85%)		Mkt cap ! $61.93M

Open	High	Low	Value	Volume
1.3¢	1.3¢	1.3¢	$523	41.76K

Buyers (Bids)

No.	Vol.	Price($)
22	13154225	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	12565233	18

View Market Depth

No.	Vol.	Price($)
22	13154225	0.012
59	51182098	0.011
28	15484063	0.010
9	5770014	0.009
2	220000	0.008

Price($)	Vol.	No.
0.013	12565233	18
0.014	36139136	21
0.015	10171115	19
0.016	2100491	12
0.017	11026445	7

Last trade - 11.27am 26/06/2024 (20 minute delay)

BRK (ASX) Chart

Ann: Transformational Drilling Program and Further Share Buy-Back, page-67

Eurozone-based companies find new ways to secure a regional lithium supply

Time for retail therapy buying in the shopping Scentre for hot stocks

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

End of FY is a time to juggle wins, losses and capital gains taxes

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Transformational Drilling Program and Further Share Buy-Back, page-67

Top Stories

Eurozone-based companies find new ways to secure a regional lithium supply

Time for retail therapy buying in the shopping Scentre for hot stocks

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

End of FY is a time to juggle wins, losses and capital gains taxes

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News