Standard in the US. Lease the acreage (3 to 5 year term), drill it (one well in each unit) then you own it...
In the interim there is a liquid market in trading the leases. Hence comments from the MD re acreage values going from $1k to $16k in 12 months.
GLTAH
working out the true value of BRK?, page-11
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Last
1.3¢ |
Change
0.002(18.2%) |
Mkt cap ! $61.93M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $277.9K | 23.24M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1159000 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 26151066 | 18 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| BRK (ASX) Chart |