BRK 9.09% 1.0¢ brookside energy limited

Not monetising by selling can be a catastrophic mistake. So far...

  1. 65 Posts.
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    Not monetising by selling can be a catastrophic mistake. So far the drilling teams have been awesome and everything went well. But if DP says our monetisation pathway is to maximise drilling to "just" sell oil:

    1- if the drilling operation has a hiccup, that would be seen very badly for the SP. Drilling won't 100% of the times go well, it is a tricky operation, so it is risky. This was a needed risk in order to hold the land and prove value, but drilling just to produce is risky.

    2- if we just buy land, drill and sell oil, isn't that what every other producer does? I got here with the idea they were into "real state" for oil. Not looking like that now.

    Anyway, wait and see. Selling lambo, low kms.


 
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