BRK 0.00% 0.9¢ brookside energy limited

BRK Current Calculated Value

  1. 356 Posts.
    lightbulb Created with Sketch. 98
    Ooops - disregard the halving comment - didn't quite do the maths properly on that one as it was an afterthought. :O

    It has been brought to my attention that the STACK JV facility is not a BRK loan. it is actually not our debt! This whole time I had wrongfully assumed that this debt belonged to BRK. Apologies for the bum steer!

    Apparently the DJV works where BRK provide the acres, merchant provide the funds for drilling to the JV. The funds used get paid back to Merchant out of production. After payout, BRK get 75%, Merchant get 25%. BRK then give another 25% to BM. Merchant don't receive any PUD - all PUD belongs to BRK.

    Revised calcs:

    SWISH Acres (current) assuming $10k USD per acre x 2000 acres = $20m USD - converted to AUD = ~A$30m.
    STACK Acres NPV10 Reserves @ ~A$18m minus ~30% (20-30% discount typical in event of sale) = ~A$12m.
    Total value of assets: ~A$42m (+ 17% stake in Black Mesa)

    Minus loan facilities:
    Leasing Facility: ~A$4.2m

    Total (assets minus loan): $37.8m or 3.78cps - even better.
  2. 15,683 Posts.
    lightbulb Created with Sketch. 755
    and with PUD proven ? speculate on 30k/ acre
    Last edited by stevenjd: Thursday, 14:37
 
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