When all is said and done Brk will probably end up with only 35% revenue interest. Payback takes 2 years. Don’t forget they also only get the Oklahoma price which is less than the wti. After payback the flow rates will have declined dramatically leaving revenue of a few million over many many many years.
Why do you think the entire shale oil industry was never able to make any money?!?
Chart, page-339
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $47.72M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 207416 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 3450574 | 2 |
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| Last trade - 09.55am 08/10/2024 (20 minute delay) ? |
| BRK (ASX) Chart |
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