Hi mate They usually need 6+ months of production to tweek the...

Hi mate

They usually need 6+ months of production to tweek the reserves report.

They basically already have all the information they need pre drill to have a good grasp on the reserves due to the copious historic vertical well drill information. The well production rate doesn't actually have a significant affect on the reserves as such. The main differential between actual vs projected production would be the actual NGL content of the gas. The production period gives them the actual decline curve for the oil and gas flow where the higher/ lower productivity will affect the NPV of the reserve at a certain price, rather than the quantum of the reserve. It is the NPV of the reserve independently certified that forms the basis of the acreage revaluation and any potential sale

Talking about NGL's



Not just the oil price that is spiking atm which is incredibly significant for BRK as NGL's make up ~40% of the total reserves in the SWISH area.

Independent of the crazy commodity prices, I suspect we will look back at this week , next week with the upcoming operational , corporate news that should flow on from yesterdays announcement, as the inflection point of the BRK journey.

Cheers

Dan