Partial Sale of Roser Unit, page-5

Of course, cmon now Geff, you know the drill. Until reserves, flow rates etc are proven, the acreage is worth probably what BRK paid to acquire in the first place.

The 400 stack acres reserve value works out to 18m AUD at NPV10 on their own and the characteristics / flow rates are desirable. This being said, it would return most likely close to a 10x upon sale.

Roser wasn't up to scratch so it was sold off - albeit, at a decent profit but the flow rates etc were not desirable according to BRK hence the sale.

BRK cherry picked their SWISH units based on their characteristics and previous flow rates. There is a very high chance of success based on historical information in the area and the performance of nearby wells. If they come off successful, good flow rates etc, we can revalue accordingly.

*edit, dammit, beat me to it Dan*