BRK isn’t fully funded because a full field development of 20 wells in 3 units will cost $200 million+ (6-7 per unit).
BRK doesn’t have $200 million. All they can do is partially fund 1 well in each of the 3 drilling units. After that they can either sell up or farm out. If they sell up then the going rate will be $40 000 an acre x 2000 acres = $80 million.
This stock and its value isn’t what you think it is. For this project to offer enormous upside you would need $80+ oil.
At $55 it’s just average. These type of plays in the US are dime a dozen and marginal.
BRK isn’t fully funded because a full field development of 20...
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Mkt cap ! $62.04M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $54.94K | 4.316M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 3796029 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 31783609 | 40 |
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| BRK (ASX) Chart |