Brooksides time is coming and will shine
Fantastic news for the joint venture, additional resource discovered from behind pipe, additional HBP acreage with more horizons to possibly exploit.... dwarfs the Mitchell well resultsremember exploit not discover as the oil and gas is known to be there.
Really an amazing find by 50% BRK owned Black Mesa team that have provided the exceptional and future AOI Bradbury to BRK and for that matter SHE.
Couple of things the consider re SHE right now, they have a good amount of cash in the bank and lower MC to BRK so are attractive....however when the time comes to fund the US $8.4m Jewell well they will be handing over from that cash reserve for thier share of $ for the % interest of production to BRK/BM as operators of the well
Again today's announcement does solidify both the working of BRK/BM both in the business model and more importantly generated production income towards business operations going forward.
The balance of share will come
Keep well cheers Paul
Brooksides time is coming and will shine ;)Fantastic news for...
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