Australia's largest stock trading and investment forum Australia's #1 stock forum

BRK

Click for more information

8.33%

1.3¢ brookside energy limited

Do you mind sharing some of the other questions you asked David...

First 12 Last

Share
Profile

Follow
Investek

324 Posts.

94

26/05/22

08:18

Post #: 61626709
Share

Originally posted by The Alchemist: ↑

Let the fun begin. Went to the luncheon in Brisbane and was impressed. One of the main points to come out was that there are both formations on each block - one oil rich and one gas rich. It time, they will come back and drill the other formation. So there are plenty of wells to be drilled, but they plan to stick with 4 wells per annum or thereabouts (depends on the oil price and how much cash is coming in). Reserves and long term flow rates will be established after 6 - 9 months of production history. But these wells are valued on flow rates rather than arm-waving reserves (remember Shell and BP had to reduce their reserve estimates by 30% about 10 years ago - too much arm-waving and not enough real numbers).

The guys running the operations in the USA are bringing the wells on line within budget and are doing a commendable job. My own estimates were that the company would be producing at 1mmbbl oil equivalent/annum by say January which was confirmed. Oil is heading up and this has great upside. I hit David with a lot of questions and couldn't fault his answers. No BS here. Overall, very impressed and will buy more. No downside and plenty of upside.

Expand

Do you mind sharing some of the other questions you asked David and his answers?

I agree that the US team bringing wells online are doing a great job!
5 Upvote

0 Great analysis

Reply

Top Stories

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Time for retail therapy buying in the shopping Scentre for hot stocks

End of FY is a time to juggle wins, losses and capital gains taxes

SS1

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

Eurozone-based companies find new ways to secure a regional lithium supply

There are more pages in this discussion • 1 more message in this thread...

First 12 Last

Add BRK (ASX) to my watchlist

(20min delay)
Last 1.3¢		Change 0.001(8.33%)		Mkt cap ! $61.93M

Open	High	Low	Value	Volume
1.2¢	1.3¢	1.2¢	$36.29K	2.885M

Buyers (Bids)

No.	Vol.	Price($)
21	11873348	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	12886782	19

View Market Depth

No.	Vol.	Price($)
20	10873348	0.012
57	50932098	0.011
28	15326920	0.010
9	5770014	0.009
3	470000	0.008

Price($)	Vol.	No.
0.013	12886782	19
0.014	36219136	22
0.015	10171115	19
0.016	2003563	11
0.017	10526445	6

Last trade - 16.10pm 25/06/2024 (20 minute delay)

BRK (ASX) Chart