Ann: FMDP Drilling Update, page-21

Rocket will be a bit shorter than Flames ( 18,140 ft) as both are 10,000 ft laterals but Rocket being in the Sycamore is a few hundred feet shallower .

What will be most interesting is Rocket will be BRK’s longest Sycamore producer by ~ 2500 feet. So depending on the drainage profile of the existing vertical Sycamore wells, it may be the best BRK well to date in terms productivity, considering it has twice the EUR of the Wolf Pack well.

Rocket EUR is 1,981,321 BOE vs 835,309 BOE for Wolf Pack. The main “ pity” is the BRK WI in Rocket is only 46 %, vs 78% for WP. Lease holders have preferred to hold on to their Sycamore leases and participate in the FMDP much more than the Woodford lease holders.

This may work in BRK’s favour for the Bruins development. The projected production net to BRK is based on the current Bruins DSU WI if ~ 50%. At the AGM, DP said there is a good chance that being a Woodford only development, lease holders are more likely to opt for the royalty options in pooling, and the BRK WI could approach the Flames levels of ~ 75-80%. This means the production forecast may be underestimating the Bruins production by ~ 60%, but also means BRK share of development costs may be ~ 60 % higher.

Bruins will be a 4 well development in the Woodford, each well with a 10,000 foot lateral.