Looking forward, page-47

That is the BRK share of drilling costs of Rangers , Flames and lease acquisition payments . HBP drilling is classed as exploration rather than development as far as I am aware.

At this stage of the company's development, expecting it to be free cashflow positive prom production cashflow is a big ask. Remember, Jewell , Rangers and Flames were not drilled for production cashflow purposes, but to capture the leases and therefore reserves to HBP status. The fact that the HBP wells have been as productive ( admittedly significantly aided by a supportive commodity price regime) , have thrown off enough cashflow to pay themselves out, and support / fund other company activities is nothing short of remarkable. The initial modelled cashflow based on expected production and price regime had the wells paying out in 18 + months.

In regards to benchmarking production cashflow, the Wolf Pack well, being the first actual development well would be the reference point for that... we shall find out soon enough how this first production well is performing, but early results and BRK stating that it is the best BRK well so far is a very good sign.

Cheers

Dan