Ann: Threefold Increase in Brookside STACK Leasehold-BRK.AX, page-8

Agreed gsnz. Great to see management getting things moving on the ground in the US. As I said in my earlier post I think the time is coming for the counter cyclical oil players.
On the % working interest they have - from the info they put in the release we can assume they have put together approx. 12.5% working interest on a single 1280 acre spacing unit basis (160/1280acres=12.5%). From the look of it this interest is spread across 6 wells – nice way to de-risk when your getting started especially with the big proven operators drilling these monster wells (check the map on BRK website for the offsetting well results!).

Remember the size of the prize is large. If Continental Resources estimates of STACK economics for a single well are correct (EUR 1,700,000 Boe) then what BRK have pulled together so far could deliver nice reserves and production (200,000 Boe on a single well basis and even better if the increased density pilots that are highlighted in the announcement continue to work you can 10x this to 2,000,000 Boe EUR). Nice.

Mkt. cap A$4 million and fully funded for the drilling of up to 10 of these wells.