BRK 5.26% 1.0¢ brookside energy limited

Ann: Transformational Drilling Program and Further Share Buy-Back, page-80

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  1. 622 Posts.
    lightbulb Created with Sketch. 72
    So, now we.know.

    before really commenting, does anyone else think the suggested 2,000 boped is a bit conservative?

    I know that our working interest is lowish ie net cost to us of $26m against gross cost of $40m, but still, considering how Wolf Pack performed.......

    Let's hope their proposed buy back is more purposeful this time, least said about their previous effort the better.

    Longer term they state their vision as........... "The objective is to narrow the gap between Net Asset Value and market capitalisation, and to use this momentum as a platform for growth into opportunities outside our current portfolio"

    A long haul for us and the haul continues. No fireworks here, and whilst not a damp squib in reality, it is likely to be one in share price terms.

    A solid business plan at last, but no cigar.

 
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