unloved and unwanted - or so it seems., page-56

G'day Invertedva. I was never a subscriber to the theory that BPT would be playing dirty re 855,and yes, this ann proves it. Why?
BPT have always stated that the resource will be too big for them to fully exploit and would definitely need a major to come in to the project. The results from 218 indicate that the vertical wells alone might be sufficient to certify commerciality of this area and that changes the ball game completely.
One well with 7 zones and only having gone 50m into a zone that could be another 1000m deep, will alter the economics of this area totally. It will no longer be an expensive shale area, requiring expensive rigs, expensive horizontal drilling etc etc. All of those aspects have kept potential outside interest from coming into this programme.
IF, Halifax does in fact replicate Encounter, IMO, that will be the icing on the cake that those prospective "outsiders" will have been waiting for to finally commit funding.
I have no doubt that there are numerous such "outsiders" that are waiting on the sidelines and that, I believe, is why BPT are just as anxious as ICN to drill Halifax so they can stitch up some long term funding to bring 218 and 855 (which logically should be developed together) into production and to confirm BPT's front running position to supply any shortfall for the GLNG projects.
ICN, having a 20 year GSA will also jump the queue for providing that shortfall.
Halifax has enormous wide ranging ramifications, so, let's just hope that Reg is proven correct with his 300TC statements.
855, all going well, is a company maker, big time, and the market and brokers will inevitably catch up with that.
Enjoy.