So 21 days ahead of schedule .Compare that to MAY, IVZ, ADX, BYE...

So 21 days ahead of schedule .

Compare that to MAY, IVZ, ADX, BYE to see what issues with drilling do occur.

What can that mean in practical terms for BRK and the JV.

Well, it means at least, that's 21 days less they pay the ~US$ 25-30 k daily rig rate. The 136 day drilling program had some redundancy built into it to make sure the completion crew wasn't booked in to start before drilling had finished. Depending on the current work status of the completion crew, it may be possible for them to start early for the BRK job ,which if all goes according to plan, could mean flowback and therefore production starts early which will bring forward cashflow. in addition, all well AFE's also have a contingency built into the cost, for the FMDP, it was 5% most of which was for the drilling component, where the vast majority of the risk lays. Whilst early days yet, it's unlikely that there would be much of the contingency used for the wells up to now, and typically there are few issues with completion relative to drilling. Not needing to dig into the 5% contingency, may save BRK up to US $1.3 million for the FMDP.

It again shows BRK are a more than competent operator which will serve to increase their profile and access to deals which require operatorship.

Cheers

Dan