RE:This is a perfect example...yea but 9.74% is only 30bbls net to BRS...Even if we assume thats NOT flush production and also assume they will get about $50 per bbl in rev, that amounts to $1500 a day $45,000 a month.
BUT once we subtract flush production and expenses what is left? $10,000 a month, ok sure do 10 wells thats $100k per month $1.2 million per year but the market cap is $24 million.
When I bought BRS I thought it was 100%..so rather disappointed myself in this revelation.