BRK 7.69% 1.2¢ brookside energy limited

Banter and General Comments .. BRK, page-8477

  1. 3,150 Posts.
    lightbulb Created with Sketch. 7473
    Rangers was drilled ahead of Ruby because Camino were drilled Sundance Kid of pattern ( legally) and close to the boundary where they would essentially be draining some of the Rangers DSU reserves. The SK spacing was legal because Woodford wells can be drilled closer to the boundary than Sycamore wells . Since the Woodford is deemed the source of the hydrocarbons in the Sycamore, the OCC gave Camino approval to drill off pattern in the Sycamore formation without penalty. WP is also drilled closer to the eastern boundary than the official recommended distance to the boundary , but is in pattern with SD and Rangers so is legal and now acceptable.

    BRK had to prioritise Rangers ahead of Ruby to mitigate the effect of SD. It had the desired effect but also meant SD affected the flow of Rangers. The reserves are essentially unaffected due to the swift BRK response, and hence the NAV of the Rangers DSU is also essentially unaffected... you will find pretty well most, if not all BRK non HBP drilling from here in SWISH will be directed more by what 3rd party operators may be doing in reference to the BRK acreage more than anything else.

    CLR are planning to drill a long angled lateral through the southern half of Sect 13 immediately below Jewell, to run under Bruins and across to finish just at the Bruins boundary.. ( you can see the plot in my post of CLR activity on 1.3.2023)

    Depending on when CLR drill, it may be that this well may require BRK to respond by drilling a well in Jewell or Bruins. Another location BRK may drill is the western portion of sect 3 in the Flames DSU.. this would be a short 5000 ft lateral

    Cheers

    Dan
 
watchlist Created with Sketch. Add BRK (ASX) to my watchlist
(20min delay)
Last
1.2¢
Change
-0.001(7.69%)
Mkt cap ! $57.17M
Open High Low Value Volume
1.3¢ 1.3¢ 1.2¢ $62.67K 4.899M

Buyers (Bids)

No. Vol. Price($)
23 16812807 1.2¢
 

Sellers (Offers)

Price($) Vol. No.
1.3¢ 22002260 13
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
BRK (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.