This is the type of announcement I want to see from BRK.
Just replace $50 million with $3 million.
If commodity prices stay at these levels it's unlikely BRK will proceed to drill the 2 new DSU wells 2025 IMO... That will delay the expenditure of ~US$ 8 million in the 2025 capital budget and move that into the 2026 calendar/ financial year. In the meantime BRK is building cash after spending ~US$8 million on D&C the Bruins well and starts producing in mid 2025 from that well.
In such a scenario BRK will hold ~AUD$28-30 million in cash at end 2025 if the average BOE price received is US$35, production has increased by 20% above 2024 levels and all other budgeted expenditures are met.
BRK Price at posting:
36.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)