Agree with you@geffa9 that the news was expected but still some...

Agree with you@geffa9 that the news was expected but still some significant information.

The start date is in the 2nd quarter 2021 according to the SHE release so ground won't be broken by the rig until April at the earliest.

SHE also mention they were invited by BRK to participate up to 50% in the well bore so we can glean from that BRK are unlikely to have more than 50% for themselves, the final percentages depending on what the SABO trust pick up and the final Jewell DSU pooling results are. We may not get those percentages even before the well spuds as pooling finalisation can occur post well completion on occasion.

And official confirmation of the expected news that the ' farmin' is well bore only so SHE will have access to it's percentage of the cashflow derived from the Jewell well.... BRK keep all the upside PUD's discovered attributable to the SHE WI on the well.

If SHE go to 50% ( IMO they will get 40-45% max), at ~AUD$ 1.0-1.1 million per 10%, they will only have ~ $1-1.5 million cash left and funding this well to that extent is a huge sign of the confidence they have in the Chance Of Success (COS) and commercial merits of the Jewell well.

Chhers

Dan