Banter and General Comments .. BRK, page-4172

Looks like I was ~$1 million over. I underestimated the Jewell oil decline and overestimated the effect of oil, NGl and gas price gains.... won't happen again


Daily net production was 443 BOEPD for the March quarter.


From the quarterly BRK had net receipts from production of AUD $2.83 million ( after royalties and production costs but before subtracting $499k for staff and admin costs)

This compares to the Dec quarter of 540BOEPD which generated net receipts of AUD$ 3.506 million after deducting production costs but before deducting staff and admin costs of AUD$818k.

Too early to make accurate predictions on the next quarterly without Rangers info but probably safe to say current non Rangers net revenue will decline by another few hundred K. Having said that, if Rangers is performing as expected ( 75% of Sundance Kid is my expectation) then net receipts in June should be 2-3 times the $2.83 million for March ( at current prices) with 2.5 months of Rangers production ramping up.

Cheers

Dan