BRK

7.69%

1.4¢ brookside energy limited

There has been some cost inflation, but the main reason Rocket...

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danpech

3,085 Posts.

7395

22/04/24

13:45

Post #: 73457100

Originally posted by LewZealand: ↑
Interesting to compare back to prior AFE's (note i havent found Flames AFE). Cost increases are really being driven by completion costs. I havent tried to run down the line items yet as will need to bring the Rocket AFE into excel first

Jewell 13-12-1S-3W SXH1 Rangers 36-15-4W SHl Maroons 3-15-3W SH1 Rocket

AFE ($) % of Cost AFE ($) % of Cost AFE ($) % of Cost AFE ($) % of Cost
Total Intangible Drilling Costs 3,641,740 43.2% 3,752,080 42.8% 3,608,850 40.1% 4,342,400 35.9%
Total Tangible Drilling Cost 454,400 5.4% 324,955 3.7% 653,670 7.3% 527,500 4.4%
Intangible Completion Cost 3,753,500 44.5% 3,883,500 44.3% 3,339,500 37.1% 6,038,900 49.9%
Tangible Completion Cost 578,780 6.9% 814,100 9.3% 1,393,795 15.5% 1,189,720 9.8%
Total Cost 8,428,420 100.0% 8,774,635 100.0% 8,995,815 100.0% 12,098,520 100.0%
Expand
There has been some cost inflation, but the main reason Rocket is a higher completion cost is it has the longest lateral section at 10,000 feet.

Jewell was ~6,600 ft… Rangers ~7500ft… Maroons ~ 5000 Ft.

BRK Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held

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There has been some cost inflation, but the main reason Rocket...

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	Jewell 13-12-1S-3W SXH1		Rangers 36-15-4W SHl		Maroons 3-15-3W SH1		Rocket
	AFE ($)	% of Cost	AFE ($)	% of Cost	AFE ($)	% of Cost	AFE ($)	% of Cost
Total Intangible Drilling Costs	3,641,740	43.2%	3,752,080	42.8%	3,608,850	40.1%	4,342,400	35.9%
Total Tangible Drilling Cost	454,400	5.4%	324,955	3.7%	653,670	7.3%	527,500	4.4%
Intangible Completion Cost	3,753,500	44.5%	3,883,500	44.3%	3,339,500	37.1%	6,038,900	49.9%
Tangible Completion Cost	578,780	6.9%	814,100	9.3%	1,393,795	15.5%	1,189,720	9.8%
Total Cost	8,428,420	100.0%	8,774,635	100.0%	8,995,815	100.0%	12,098,520	100.0%

There has been some cost inflation, but the main reason Rocket...

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