Agreed SJD, great result from Henry Fed and another BIG feather...

Agreed SJD, great result from Henry Fed and another BIG feather in the cap.

Terrible day to release the ann though as mentioned in comments above - that being said, those selling today will be regretful even in the short term imo.

SHE listing tomorrow - with that, should have some updates on Jewell in the next week or so.

Jewell is the one that will put us on the map and show the acreage is of exceptional quality - we are still only at the start of the runway, fully fuelled up and ready to turn on the engines.

As far as oil sector sentiment goes, we're in for some turbulence in the sector that will directly benefit US refiners and increase the desire for light sweet crude. ie: International Maritime Organization Regulations coming into effect 2020 and you can be sure refiners will be trying to get their hands on suitable oils prior to the regs kicking off.

Article below fro Oil Price is worth a read.

https://oilprice.com/Energy/Crude-Oil/Crude-Oil-Markets-Brace-For-Fuel-Market-Disruption.html?utm_source=tw&utm_medium=tw_repost

Positives:

- BRK's existing wells are inching towards payout every day - Bullard will be getting close to full payout (~20% WI)
- Sector looking to be shaken up by IMO regs.
- Saudi's vow to do "whatever it takes" to bring oil back up to a reasonable level.
- Midship pipeline (right through the guts of our AOI) to come online in Q4 this year - this should decrease our transport costs, increase profitability and make our AOI/land much more attractive/valuable.
- Jewell (potential to triple our current reserves).

I'm sure BRK has a lot more up the sleeve.

Time to dust off the cobwebs.