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TheProfessional0001

Note Rangers is in the same AOI as Jewell and BRK are taking a majority WI for Rangers


Business-Visual-2957

Hallelujah 💰 🚀


chapowskie

First drill of 20 - exciting times for those holding


Pastry1

Sounds good lets hope the flow rates are better then 1300 for a better ROI ​ *This is but the 1 leap and a journey that is miles and miles long* ​ DYOR


ShiftySpanna

What can you see the price going to?


TheProfessional0001

No idea regarding the sp however the SWISH (of which Jewell is part of) assets I have conservatively valued at around 18cps.


kastyoh

Revenue whats the bottom Line ?


TheProfessional0001

For O&G companies I use FCF rather than revenue as cashflow is the lifeblood of O&G development companies..to date FCF has been mixed however with Jewell the cash profile changes with a significant uplift.


kastyoh

Their loss stinks


TheProfessional0001

Company is too early stage to be reading too much into the PnL. Any revenue they do receive will be tipped into well development expenses, exploration and leasing activity etc. Those wells don't drill themselves. In looking at the PnL statement though you want the corporate expenses kept low and the O&G activity expenses high..I would much rather their cash be spend on revenue generating assets. If you are looking for a mature, profitable O&G company Woodside (WPL) or Santos (STO) etc. would be better bets.


kastyoh

Yes thanks mate pay that, appreciate the analysis


kastyoh

Happy with brk thanks :)