Bruins DSU term expiry was March 2025 so needed a HBP well spudded prior to that date. No HBP well would have meant losing DSU.
The unfavourable oil pricing environment led to Bruins FFD of 4 wells being modified to a single HBP well, with development drilling held over till POO recovers, exactly to your point of not wasting development flush production to low oil prices.
BRK Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
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