BRK 1.69% 45.0¢ brookside energy limited

Banter and General Comments .. BRK, page-11929

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    Hi fellow long suffering holders. The recent share price has prompted me to go back over the last quarterly report. In summary, my understanding is that BRK projects a net income of $169 million USD to end of 2028 from oil production. To achieve this oil production it needs to spend $126 million USD in capital works. So in a nutshell if all goes to plan BRK spends $126 million USD and makes $169 million usd to the end of 2028 giving us a net $43 mil USD plus profit from the remaining oil production tail to 2033. Is this about accurate ? It’s OK but not awesome. Ie if we wait till 2028 we should have 1.9 c per share in cash ( 1.4 c profit + existing 0.5c ) + profit from tensing production without further capital expenditure. Seems pretty good value at 1c but not that exciting. GLTAHs
 
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