Hi @Melv97 Thanks for reaching out. Yes, the latest reserve...

Hi @Melv97

Thanks for reaching out.

Yes, the latest reserve report includes the reserves attributable to Bruins. the original IRR includes the Bruins reserves at that time, which were based on the 45-50% pre pooling WI of the 960 acre multiunit DSU.

The new IRR will reflect the Bruins reserves across the expanded 1280 acre DSU.. i don't have visibility on what the WI of the extra 3290 acres is but can see BRK have pickup up a lot of leases there. I would expect some increase in the overall WI when pooling is done ( have to clarify if pooling has commenced yet) which should increase Bruins reserves accordingly

If you look at the new IIR summary you can see the total 2P reserve has declined slightly after the production of ~510,000 BOE net to BRK. there has been an increase in PDP reserves ( due to drilling), and a fall in probable undeveloped reserve, as the new additions from bruins haven't quite replaced the reserves moved over to PDP/PUD and those produced.


As more wells are drilled and placed on production, we will see some increase in PDP reserves initially and a fall in proved undeveloped reserves ( unless BRK can pick up more SWISH leases )

Hope that helps

Cheers

Dan