BROOKSIDE ENERGY LIMITED (ASX:BRK) - Ann: Brookside to Participate in Gapstow Full Field Development, 73734200, page-40 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

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Lordlucas1959

10 Posts.

1

08/05/24

20:50

Post #: 73734200
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Originally posted by Chime: ↑

Brookside will only have a 20.9% working interest over the two year period. Not sure how you got $12m?

Assuming that annual oil production = 105 BOPD * 365 days = 38,325 barrels per year.
Two-year production = 38,325 barrels/year * 2 years = 76,650 barrels.
Brookside's share (20.9%) = 76,650 * 0.209 ≈ 16,012 barrels.
Revenue from Oil = 16,012 barrels * $70/barrel ≈ $1.12 million.

Still, it's nothing to sneeze at. As long as BRK keep making progress growing their revenue streams, I'm happy with that.

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See I read this differently, I read the 150 barrels per day as being BRK's share.

Brookside will participate in seven wells, contributing an estimated net production of 150 BOEPD to its reserve.

Originally posted by Chime: ↑

Brookside will only have a 20.9% working interest over the two year period. Not sure how you got $12m?

Assuming that annual oil production = 105 BOPD * 365 days = 38,325 barrels per year.
Two-year production = 38,325 barrels/year * 2 years = 76,650 barrels.
Brookside's share (20.9%) = 76,650 * 0.209 ≈ 16,012 barrels.
Revenue from Oil = 16,012 barrels * $70/barrel ≈ $1.12 million.

Still, it's nothing to sneeze at. As long as BRK keep making progress growing their revenue streams, I'm happy with that.

Expand

BRK Price at posting: 1.3¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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