BRK 0.00% 1.2¢ brookside energy limited

Oil and gas prices are always relevant, coupled and driven by...

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    Oil and gas prices are always relevant, coupled and driven by supply and demand sets as the driver for production and land acreage and leasing value. If a company can keep an existing well producing with a margin of profit then production will continue, this all depends on the margin that you want, obviously the timing is not right for our DSU right now and that could change in either way in the next few months depending on C19 and market drivers.

    This is where the unique opportunity lies for Brookside and the Orion JV. Not being a major operator in the patch allows for potential metrics within the oil and gas pricing to acquire producing wells and acreage that are on the decliine and held by production on the cheap. Performing workovers on the stripper wells to gain more life and production. The numbers and metrics on these wells must be significant enough in the current pricing environment to add to the bottom line, the unique opportunity here is that it's too small an operation for O&G majors so there will be little competition in price, add to that it is a pick up of acreage to the net total that can in the future be divested or re drilled where the opportunity exists.

    Still exciting times for the immediate future and for when supply and demand has rebalanced, tell me of another ASX listed O&G Co moving forward through the middle ground

    Keep well cheers Paul

 
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