Ann: Thelma Well Update- Production, Sales and New Acreage, page-7

It appears the market is not grasping the significance of this ann.

- By the 21st Jan, the Thelma well will have produced ~600 barrels of oil. At $50 a barrel, that's ~$30,000USD or $38,000 AUD.
- At 30 barrels a day moving forward (@ $50 a barrel), that's $135,000USD or $175,000AUD per quarter. Essentially the well will have paid out the initial investment in the next 2.5 months. From there, it's all money in the pockets of BRK and SHE.
- On top of the already excellent results, there are additional behind pipe potential remaining numerous formations, all proven formations historically in the area. These are still to be tested ie: There is (more than likely) a shietload more to come from this well production wise once the other formations are exploited.
- They've added another 40 acres on top of the Thelma acreage (right next door) - The additional acreage gives the Joint Venture the option to drill a low-cost vertical well with access to 7 known potential reservoirs all of which are proven producers in the area. ie: BRK and SHE can now FINANCE THEMSELVES around $1m to drill a vertical well (in a virgin zone!) This could end up being a few hundred thousand barrels alone from a single vertical well!

This is an absolutely sensational ann and very exciting for both BRK and SHE.