I don't think it will take an eventual sale. BRK just needs to keep drilling wells and and proving flow rates and reserves and the market will catch on.
The risk on this play has already been greatly downsized as the current wells that have been spud have exceeded the esitmated flow rates. The biggest risk was always whether the drilled wells would acieve the flow rates needed to prove the reserves. Now they are doing so, it is just a matter of continuing the process and proving up the reserves.
At some point the valuation on what BRK are sitting on will be too large for the market not to take notice.
As listed in the presentation, a similar unproven lease sold for US$19ooo/acre.
BRK currently has 1000 acres x US$19k = AUD$24m MktCap and that valuation is before any proven wells have been drilled.
I don't think it will take an eventual sale. BRK just needs to...
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Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $66.70M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.4¢ | $14.08K | 1.005M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 12583203 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 9741503 | 7 |
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| Last trade - 10.52am 03/05/2024 (20 minute delay) ? |
| BRK (ASX) Chart |