BRK brookside energy limited
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Ann: Brookside to Participate in Gapstow Full Field Development, page-9

  1. Chime
    55 Posts.
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    08/05/24
    09:22
    Post #: 73717640
    Brookside will only have a 20.9% working interest over the two year period. Not sure how you got $12m?

    Assuming that annual oil production = 105 BOPD * 365 days = 38,325 barrels per year.
    Two-year production = 38,325 barrels/year * 2 years = 76,650 barrels.
    Brookside's share (20.9%) = 76,650 * 0.209 ≈ 16,012 barrels.
    Revenue from Oil = 16,012 barrels * $70/barrel ≈ $1.12 million.

    Still, it's nothing to sneeze at. As long as BRK keep making progress growing their revenue streams, I'm happy with that.
    BRK Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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