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peto2810

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26/05/23

19:53

Post #: 67988911
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Originally posted by keith54: ↑

hi all , I thought I would share my thoughts on todays general meeting held today in perth . First of all a shout out to Dan and Peto and also Chris who hold a quadrillion shares lol (top 5) , was great to finally meet some of the big boys and both myself and lonewolfe (Paul) appreciated our chat . So my last post had a few concerns re the lack of news / direction and what progress BRK had made with any sort of a monetisation situation. Well after today am very happy at where things are at , thank you David prentice , a great presentation and thanks for answering all concerns. To sum it up as my understanding is we have a great location of land with two good wells in one area producing at the lower end of the acreage , continental is doing a 12 well horizontal project directly under our DSU . So why BRK have not announced a direction is because they are waiting to see how good this project turns out as to what direction they head . There originally plan of 20 wells over 5 years could be done a lot quicker if BRK venture down that path , 12/14 horizontal wells at once . Now if continental want to repeat this project and go again we'll the best oil and gas is north which means they have to go through BRK meaning maybe a possible joint venture . Now with there current reserves when oil was 95.00 a barrel made sense to drill wells full steam ahead as quicker return , oil has dropped therefore this horizontal 12 wells project which is quicker and cheaper way makes sense , so waiting on the out come of continentals project makes total sense to me now . I guess with the reserves we have it's like having 100 million in a term deposit ....5 % return is a lot better than 3% . In summary, was really glad I went and believe the next 6months will be big , David believes oil will go up as the world supplies have been depleted and will need to be restocked so demand will be there . So all in all happy as they have been in talks with numerous companies and are really committed on returning best out come for shareholders, I hope this post gives a little more understanding and apologies as not as detailed as Dan pec lol
Take care all

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Thanks mate. Pleasure meeting you.

All good from my perspective

Keep well cheers Paul

BRK Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
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general meeting, page-4

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