***Corrected original post - moderated due to error:***Hi...

***Corrected original post - moderated due to error:***

Hi all,

Thought it about time to revisit the current value of BRK which is clearly being ignored by the market at this stage.The below link is interesting for determining potential SWISH value as it shows first hand what is being offered in some locations in the SWISH AOI vicinity (offer made from major oilers direct to lessor):

https://www.mineralrightsforum.com/t/stephens-cty-sec-17-township1s-4w/51611

Various companies are bidding at up to $10k USD per acre (so far) in the sections adjoining SWISH. Noting, this is undrilled, unproven and the offers mentioned are very recent. (Also worth mentioning the offers have not been counter-offered as yet meaning upon negotiation, the values agreed upon could very well be higher)

Breaking down BRK assets and liabilities:

SWISH Acres (current) assuming $10k USD per acre x 2000 acres = $20m USD - converted to AUD = ~A$30m.
STACK Acres NPV10 Reserves @ ~A$18m minus ~30% (20-30% discount typical in event of sale) = ~A$12m.
Total Value of assets: ~A$42m.

On top of the above, BRK also own a 17% stake in Black Mesa - Value unknown.

Minus loan facilities:Leasing Facility: ~A$4.2m

Total loans: ~A$4.2m

Total (assets minus loans): ~A$37.8m (or 3.78cps)

Current market cap: $9m

Reiterating the above calculation is with UNDRILLED AND UNPROVEN acres.