Ann: Transformational Drilling Program and Further Share Buy-Back, page-88

You say there has been a year lost, but it seems you can't comprehend the imperative of minimising cost and maximising return from an asset.



Here BRK show the value effect of decreasing capital costs and operating expenses by 20 and 10 % respectively. there is an increase in NPV by 20% or $46 million.. NPV is calculated from net costs and cashflow which would translate to a cash benefit to the company over the life of the asset by more than double the increase in NPV or over $92 million.

The Courbett development has shown BRK the way to achieve such savings, at least on the capital side. If there was no Courbett development and BRK proceeded to develop by drilling 1 well every 3 months then I would agree with you. But this is not the case.