They are considering up to a US$15 million RBLF ( Reserve Backed Lending Facility) to be in place for Bruins to smoothen out the cashflow and spending requirements if needed.
The size of the facility is constrained by the market cap .CLR started drilling Courbet in mid 2022 , commenced flowback in early 2023, and have now started the Gapstow FFD in early 2024… so in terms of developing SWISH DSU’s, BRK’s pace is similar . Having said that, CLR are a giant company compared to BRK and are drilling dozens of wells at any one time… might take a while for BRK to get to that size.
Ann: FMDP Drilling Completed Ahead of Schedule, page-14
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Mkt cap ! $57.27M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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