And by the way, I agree with Swami on a lot of things but on BRK operations he is completely wrong.
The “ treadmill” started with the FMDP drilling.
The first 3 wells ( Jewell, Rangers, Flames) were reserve definition and HBP wells… Wolf Pack was drilled to “ protect” the eastern flank of the Rangers DSU from the Scissortail drilling in the adjacent DSU which as all wells do, caused a sump effect for the surrounding reserves.
Anyone who understands resource development of any description knows there will be a substantial capital outlay at the onset which takes time to be recovered through production revenue. Each DSU development is effectively a stand alone project.
There will be cashflow deficit through the FMDP which will mean BRK will almost certainly utilise the mentioned US $ 15 million facility if they want to start the Bruins development in the first half of 2025. That is why there is a longer gap between the Bruins and the next development ( most likely Jewell) , as they need to rebuild cash to replenish the loan and then fund a 6 well program.
The cashflow from FMDP, Bruins and Jewell will be such that the 6 well Rangers DSU development will be able to commence without delay.
Apart from a small loan facility, BRK will be able to self fund a AUD $ 200 million dollar development program over the next 4 years. All generated from 2 cap raises of ~ $ 18 million and ~$22 million in option exercises.
These are the facts …. no polishing rags needed.
- Forums
- ASX - By Stock
- BRK
- Ann: Quarterly Activities and Cashflow Report - June 2024
Ann: Quarterly Activities and Cashflow Report - June 2024, page-38
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BRK (ASX) to my watchlist
|
|||||
Last
1.3¢ |
Change
0.001(8.33%) |
Mkt cap ! $62.04M |
Open | High | Low | Value | Volume |
1.2¢ | 1.3¢ | 1.2¢ | $49.23K | 4.082M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 1688605 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 32992505 | 35 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 1688605 | 0.012 |
35 | 37463381 | 0.011 |
12 | 16891820 | 0.010 |
9 | 5720014 | 0.009 |
2 | 185000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 32992505 | 35 |
0.014 | 21473997 | 17 |
0.015 | 5242782 | 11 |
0.016 | 3416438 | 13 |
0.017 | 10526445 | 6 |
Last trade - 15.48pm 02/08/2024 (20 minute delay) ? |
Featured News
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
BRK (ASX) Chart |