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27/05/23

17:23

Post #: 67995826
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Originally posted by peto2810: ↑

CLRs wells are in early production phase and some of those results are coming through. This is fortunate for where BRK have levels of working interest in other wells meaning that BRK will have some right to the data in time.Short answer is a couple of months on that data. I asked at the AGM on any material differences in production and decline curve metrics from the CLR off pattern wine rack drilling pattern. Not expecting any great differences but still waiting to see some of the production results. Dan will likely have something that numbers look like.

Bruins was not mentioned as they spoke to the acreage as a whole. However Bruins and Ruby from the Jewell DSU are not forgotten and form an important part of the jigsaw puzzle.I have extended what COULD be a CLR continuation of the horizontal pattern on the slide from the latest presentation that shows how the acreage is potentially important to CLR. Only need to look at the wedge below Flames that is difficult for CLR to drain the reserve with that pattern. Similarly above Buins and Jewell IF CLR continue with the experimental drilling pattern as CLR practically have secured most of the surrounding acreage.

So quiet on those acreages somewhat but plenty happening in that space. A who blinks first scenario perhaps between interested parties including PE as I've mentioned in a previous post. How important is it to CLR? BRK can certainly still proceed with full field development themselves. So still pending on seeing what that drilling data looks like...and they are all watching.

BRK are happy with the current strip pricing and production. It's well above thier modelling for well profitability. They would certainly love for commodity prices to be higher as it makes the acreage that little bit more attractive. Thier focus is and always has been to keep the OPEX and CAPEX pricing as economical as possible.Happy to hear others thoughts.Keep well cheers Paul

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Nice crayon work mate, did you steal them off Danpech..? Ha ha ; )

Jokes aside i likey like that idea of CLR wine rack drilling through our DSU's either by outright sale or JV on good terms, either way we would be laughing all the way to the bank. Thanks for your update and info on the AGM, great work on the updates from all of you that attended.
GLTA Brookies.

BRK Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
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general meeting, page-16

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