Ann: BRK Investor Presentation, page-6

We need more high grading updates
And the oil price needs to be higher.
But I think most people are aware after that last few announcement there is a
Direction forward and they mean business.
I don’t see a lot of downside if oil holds or goes higher.
May see buyers step up now as opposed to pay up later.
The MR report was modelled on .“ (Net Oil Price US$/BBL 57.52 – 57.67)” with a follow on price till 2022 of( I think $60 for oil and 2.85 for gas )
So the price really needs to be around $60 or higher as sentiment is fairly flat in this sector.
The profits aren’t as appealing at the lower prices ,for companies to pay that much.

Would like to see a graph similar to the one on page 7 but with a direct link to the oil price how it correlates to the lease values.
I’ve drawn a quick one up see below(not intended to be accurate)

Would also like to have seen how they plan to pay for more swish acquisitions,
They have funds in the joint venture and lease facility, I believe they need a little more.

Will they try and sell these non operated stack leases to fund the swish ?
They have a Few options up their sleeves.




Not investment advice, do your own research, and consult a licensed adviser