The coming shale bust means there’s a risk the operators won’t...

The coming shale bust means there’s a risk the operators won’t proceed to full field development given the price crash. I’m sceptical SWISH will see any drilling even if they manage to secure the 8000 acres. How can they though? They need US$8 million yet the market cap isn’t high enough to raise anywhere near they kind of money. And funding from a driller? Who’s going to fund loss making wells?

BRK will need to pull a rabbit out of the hat otherwise they’re going to be sitting on all this acreage for years to come. It’s only worth money if oil recovers big time.