This is the key to me as mentioned before
"Importantly, 100% of the net cash flow (which is attributable to wells funded via the Drilling Joint Venture) will be recycled and drawn down to fund drilling and completion expenses for the next series of initial wells held within the Company’s portfolio.
This is central to Brookside’s business model as it provides an off - balance sheet source of capital for drilling and completion costs associated with the next series of 'initial wells' in currently undrilled development units and enables Brookside to 'book' 100% of the Proved Undeveloped or PUD reserves for the undrilled infill wells."
Recycled recycled me loves that concept for money and output
source: above report
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- Ann: Production and Estimated Cash Flow at Anadarko Basin
Ann: Production and Estimated Cash Flow at Anadarko Basin, page-20
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