BRK

4.00%

1.2¢ brookside energy limited

Good post Dan.. some aggressive buying into 1.6c resistance just...

First 1011 Last

Share
Profile

Follow
marco33

2,430 Posts.

199

21/09/18

13:01

Post #: 35753474
Share

Originally posted by danpech ↑

If anyone has doubts about BRK's veracity and effort in progressing it's SWISH project, the following chart exhibits the number of SWISH leases picked up by BRK so far in September 2018.

View attachment 1304351

They have won 24 out of 81 leases in their " townships /ranges" and as you can see are only a few leases from the most active winning bidder. I am assuming " BALCK MESA" with 4 leases is some sort of error .

Again what this doesn't tell us is how many acres this leasing effort is picking up but with a total of 133 leases now in 2018 in the SWISH AOI , their pace seems to be accelerating.

Trying to estimate how many acres they may have achieved so far on the information they have released and relating that back to leases won may give an indication of where they are now if the average lease size stays within a small range.

On that basis, from the first quarter report we have 300 acres picked up in SWISH and the Covey Energy website shows 40 leases won in that quarter....that gives 7.5 acres per lease average.

Second quarter they pick up 200 acres by winning 40 leases.... that gives 5 acres per lease on average .

So for for the first half, 500 acres on 78 leases gives us 6.4 acres per lease.

If we use 6.4 acres per lease for the 3rd quarter so far, we get ~ 350 acres won by 55 bids with a week left in the period.

I would take this as a MINIMUM estimate because all you need is them picking up a few 1/8 sections ( 80 acres) in a few leases and that number gets blown out of the water. However, on the basis of this crude analysis, I would be surprised ( but delighted) if this quarter's leasing effort gave us thousands of acres.

So for me, anything under 1600 total SWISH acres by end Sept 2018 is a disappointment, 1600-1800 is on par, 1800-2000 is good, 2000+ and we are off to the races.

Cheers

Dan

Expand

Good post Dan.. some aggressive buying into 1.6c resistance just now could suggest we might get the quarterly early next week.. if we clear 1.7c with vol the 52wk hi of 2.3c comes back into play. Oppies hit 0.006c last time it hit 2.3c.. makes 0.002c a very nice buy atm.

BRK Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

LLL

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

STN

Saturn’s stars have aligned for the gold explorer’s Apollo Project

ITM

Fast-track assaying yields 182 g/t gold for iTech at new NT play

TVN

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Climate change to drive market trends to the moon

RHI

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

KGL

KGL sniffs 19% Cu from drilling at Rockface play in NT

There are more pages in this discussion • 1,727 more messages in this thread...

First 1011 Last

Add BRK (ASX) to my watchlist

(20min delay)
Last 1.2¢		Change -0.001(4.00%)		Mkt cap ! $57.17M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.2¢	$332.5K	27.70M

Buyers (Bids)

No.	Vol.	Price($)
52	43356014	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	656882	1

View Market Depth

No.	Vol.	Price($)
51	43256014	0.011
17	8741919	0.010
9	5770014	0.009
1	120000	0.008
2	271714	0.007

Price($)	Vol.	No.
0.012	656882	1
0.013	20034452	20
0.014	24290353	18
0.015	8911767	17
0.016	2050391	11

Last trade - 16.10pm 05/07/2024 (20 minute delay)

BRK (ASX) Chart

Good post Dan.. some aggressive buying into 1.6c resistance just...

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Climate change to drive market trends to the moon

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

KGL sniffs 19% Cu from drilling at Rockface play in NT

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Good post Dan.. some aggressive buying into 1.6c resistance just...

Top Stories

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Climate change to drive market trends to the moon

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

KGL sniffs 19% Cu from drilling at Rockface play in NT

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News