It is unlikely for now that SHE will be part of the larger DSU operations however they and BRK will always have a working relationship with Project Orion that's not to be overlooked.
Thelma well was a perfect example of acquiring and taking over cheap unattended wells with low production and reworking these stripper wells.
Put a high number of these types of wells together and they can be good revenue drivers as well as getting acreage acquisition held by production.
Then you strike wells like Thelma that surprise with behind pipe potential in new or untapped horizons, I think from today's webinar presentation document we may be hearing more on these revealed in the 2022 plan
SHE will either decide to sell out or continue to participate and I think that's the latter of the two, BRK has though always been my investment of choice for all other acreage factors as well as the BM back in and return on ownership.
Keep well cheers Paul
It is unlikely for now that SHE will be part of the larger DSU...
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1.2¢ |
Change
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Mkt cap ! $57.17M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 23 | 16812807 | 1.2¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 22002260 | 13 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| BRK (ASX) Chart |