BRK 7.69% 1.2¢ brookside energy limited

Ann: Quarterly Activities Report and Appendix 5B - December 2021, page-282

  1. 124 Posts.
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    Good discussion @danpech and nice to move away from the negativity for a while.

    My take/guess is that plans have shifted somewhat since the initial acquisition of acerage. I think early on there was a firm plan to get the DSUs HBP, even preferably with another party fully funding the initial well bore, and then sell them and rinse and repeat.

    I think that now, having being forced to go 43% for the first well and 80% for the second, combined with strong oil and gas prices the strategy may be moving toward production.

    In short I think we may see BRK become a sycamore specialist producer and drill all the sycamore wells for the 3 DSUs having sold the Woodford reserves to fund this activity and purchase more prime sycamore acerage where the process can continue.
 
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