The cashflow push out I'm referring to relates more to the production profile being pushed out, so instead of having say 3-4 Bruin wells producing by lets say August, we have 1 well now, and maybe another two in December. This impacts the recirculation of capital into drilling for all subsequent periods is pushed out further. The cashflows are cumulative so further out the small delay now has a larger impact later.
On the existing wells, I think (and i could be wrong here), that the existing wells overall maybe "underperforming" c 5-10% net BOEPD. This could be just my calcs are out, my timing is out or we production could be out slightly. I'm not overly concerned about a <10% underperformance, these are all "models and estimates" so nothing is ever going go to plan. In saying that, I would much prefer if the modelling was a bit more on the conservative side, so that outperformance becomes the norm
Hopefully that covers off your question. I'm sure @danpech will have his own views and will be able describe his views much more eloquently.
BRK Price at posting:
38.5¢ Sentiment: Hold Disclosure: Held
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