The Company’s wholly owned subsidiary BRK Oklahoma Holdings, LLC (BRK Oklahoma) has acquired oil and gas royalties over approximately 100 acres, across four sections, in Blaine County, Oklahoma (RA Minerals Royalty Acreage).
The RA Minerals Royalty Acreage is located in the heart of the world class STACK Meramec Play within a core focus area that has been identified by the Black Mesa Production, LLC (Black Mesa) team and which is currently subject to active development through horizontal drilling.
The Black Mesa team considers the area to be highly prospective for productive Meramec, with approximately 450 feet of gross thickness and excellent reservoir qualities. With 20 rigs running in the play and a number of large (well-funded) US listed E&P Companies active (including Devon Energy, Marathon Oil, Newfield Exploration, Continental Resources and Cimarex Energy) the STACK Meramec Play is one of the select few plays in the United States that remain economic at today’s prices.
Click here to read the full ASX announcement in relation to the RA Minerals Royalty Acreage Acquisition.
A copy of the Company’s latest Investor Presentation can also be viewed here.