Evening all, having some time to digest the Pitt Street research report, it really confirms much if not all of what is known and pulls little surprises for the regular die hards here.
Realistically the report given its content is aimed at gaining greater exposure to Pitt St clients and their mail out list so a big positive there if more eyes are on the telling story at play here.
The report has highlighted and validated all company information announced previously working with STACK maiden report, divestment success and production successit has also provided some guidance growing forward in the success, although without or until confirmation of future acquisition, production and divestment still is extremely bullish going forward imo.
The Pitt Street report also balances and checks with the information and calculated values provided in the independent investor report and figures given here by @TheProfesional
It's also welcomed to see the new non executive director Mr Richard Homsany, looks like he will bring a wealth of knowledge and expertise in accounting and legal knowledge. A positive move by the company and likely to free up David Prentice to concentrate on continuing to complete milestones
The Pitt St report give a price range of 3-4 cps. Add all of the above with continuing acreage acquisition, Flames and Rangers DSU must be progressing and drilling and completion in Jewell and the calculation metric increases beyond the reported and current undervalued share price.
I remain bullish for the current and long term prospects of Brookside Energy, what is essentially required is conformation of Jewell funding from the preferred drillco Stonehorse Energy.....sooner than later please $SHE
Onward and upwards as they say.
Keep well cheers Paul![]()
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