Banter and General Comments .. BRK, page-9404

So today  Woodside Petroleum  gave the green light it's multibillion development of the  ~0.5 billion BOE Trion oil and gas field in the Mexican controlled section of the Gulf of Mexico.

Obviously can't compare BRK to WPL for shear magnitude of projects , WPL is a conventional offshore vs non conventional onshore etc,  but we  can compare financial hurdles and timeframes for projects.




Page 9 of the presentation.


What are the BRK  payouts , breakeven and IRR hurdles again?

Well Payouts between 6 and 12 months, all in  break even costs ~US$30 and IRR ~40% if my memory serves me correctly.

Were BRK  to participate in a multi well full DSU development with say , CLR for example, replicating the  Courbett development time frames for their 16 wells , you would see well  flowback  and production commence within 9-12 months from the first drill bit turning.

Admittedly the production plateau would be  years for the WPL project, not the months for BRK, but as shown above, the WPL project payout would also be years, not months.

Just some food for thought.

Cheers

Dan