Jewell,Rangers,Flames transformational effect

Just to put some colour to what the CEO means when he says the drilling the Jewell well will have a transformational and company making effect on BRK ( and SHE for production)

In the latest Proactive video David Prentice effectively stated that after Jewell is drilled, the company intends to maintain the momentum and rapidly drill the Rangers well, and aim to be drilling the Flames well before the end of 2021.

If there are no significant drilling program delays the result will be that by early 2022, BRK will be in a position to book over 20 million BOE 2P reserves, made up of the STACK wells, the Bullard DSU reserve and ~ 15 million BOE from the SWISH DSU's where their very conservative ( BRK WORDS) estimates increase by 2o-25%. Excluded from the reserves are any volumes from the Thelma/ Bradbury project which requires more geological/ geophysical analysis but has the potential to be a material source of vertical well production and reserve addition.

BRK net production should be in the order of 1600-1800 BOEPD, based on the base case of 1300 BOE Jewell estimate for all 3 wells with a BRK net WI of 40-45%, to which you can add current production of 110-130 BOEPD

Cheers

Dan