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1.0¢ brookside energy limited

with current oil prices, what is your estimated price per share...

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mrmonopoly89

249 Posts.

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05/03/22

20:23

Post #: 60007450
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Originally posted by TheProfessional: ↑

In about 5 weeks. Based on the production numbers from the well next door to Rangers we could see 1300 BOPD oil from Rangers for 3 - 4 months at US$ 100.. at 80 % WI, that will give us a gross US $ 9 million, and net~ Us$ 7.8 million after royalties and op costs. There is gas and NGLs on top. Would expect the Rangers well to be paid back in 3-4 months.

Jewell must be very close to payback.

If Flames spuds next week then we will have 3 big wells producing by June 22. That sets up BRK to drill 2 -3 more wells in the second half of 2022. The drill for those would be quicker as there would be no pad works or production facilities to be built. Remember management said in one of their interviews that the pads are multi well.

Cashflow depending they could drill 2 wells concurrently with the well development plan is accelerating. What that means is operational efficiency, quicker spud to sales and decreased costs.

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with current oil prices, what is your estimated price per share now with your modelling? 0.15+?

really appreciate the commentary you, Peto and Dan pech do thanks.

BRK Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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