Banter and General Comments .. BRK, page-8341

Hi mate.

It's not BRK are being secretive in the sense they are hiding negative information from shareholders, it's mainly that they are operating in a highly competitive space in Oklahoma and don't want to advertise their behind the scenes activity too much. For example, if they want to lease some acres in a particular area, they will try to negotiate with as many the landholders as possible and secure as many leases as they can before they have them stamped and listed on the OCC site. Once this happens it's public info and any competitors look into where the leasing has occurred to see what's going on.. this occurred when they were leasing the SWISH acreage in 2018 as fast as they could with the limited capital and leasing facility would allow. They had a 6 month head start, but when CLR, Casillas, Echo and the other saw what BRK saw, their large budgets allow them to swamp the area, so instead of 8-10 DSU's that BRK were building, the primary lease prices were driven up up to 10x and BRK had to " sacrifice " the leases they built up and swap to be able to hold the 3 they ended up with. Everyone keeps an eye on everyone and you try to keep ahead of the game in your areas of interest as best as possible.

Then once they have enough acres to apply for a DSU, they go the court process of winning the DSU, spacing exceptions, well locations, drilling permits and pooling, all of which can be protested along the way > they announce the results. The will not announce each step, protest hearings, etc,etc.. that would be " real ' fluff announcements. All this activity is listed in the court dockets as individual cases and available to the public. Reading through the cases is interesting at times but is very procedural and the start to end can take up to 12 months. So it's about them announcing the result, rather than the process.

When it comes to drilling operations they have been very transparent.

I agree there is some ambiguity in the detail of their corporate activity but they have announced general principles, and if you follow the ' flow chart', they have been consistent. They will not say we have talked to X, Y Z about monetization, where X wanted it all on the cheap, Y wanted to JV but wanted operatorship and majority equity on the cheap, etc,etc.

Again, having said that they are not perfect in their communication, and have a few howlers, last year's chart of 4 wells per per year every 3 months in the perfect scenario " if ' BRK develop the SWISH assets themselves was a prime example of creating confusion amongst us all.

Not having a broker who supports them with research and promotion to institutions ( although the SPARK PLUS team have done an excellent job in trying to raise the profile and produced a couple of very good research documents) hasn't helped.

I don't think I can elaborate much more than that...

Cheers

Dan