Yes mate, the aim is to build the business but understanding a...

Yes mate, the aim is to build the business but understanding a repeat of SWISH will not be easy to find. DP wasn't specific but he has said, if they want to be attractive to USA investors, there needs to be a plan beyond the 4-5 years of SWISH. USA investors want visibility out to 10 years+

As far as buy backs are concerned, they are a function of excess cash after operational requirements. He is not ruling out buy backs before 2028, but will need to see commodity prices increase for production to throw off excess cash. Right now they are basing their numbers off US$75 oil and US$ 2.5 gas.

So on current modeled production and pricing ( for both of which they are being conservative), they expect to have US$ 40 million in cash by the time the last DSU is developed and funded. So if there hasn't been a substantial rerate in the SP at that point, he sees value in buying back, say AUD$ 20 million worth of shares .

BRK will not sit on their hands as they develop SWISH, but it is dependent on what deals they are presented with, and the financing thereof. The idea will be be build an inventory of PUD locations which will be able to start FFD after SWISH is done... Keep on building the saw tooth production profile as shown in the recent presentations.