BPT 1.20% $1.27 beach energy limited

financial review, page-21

  1. 20,483 Posts.
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    stayer
    its all guesstimates but what i do is rely on previous fields within the CB western oil flank and extrapolate results
    for example, bauer has three key qualities to suggest it will be very big.
    -The net pay zone comes in at about 25-35% bigger than your everage namur field
    - the reservior qulaity is continually referred to ask excellent supportung strong flow rates
    - the structure has continued northerly higher than prognosed suggestinga deeper oil pool/structure
    - the structural area as defined by is large
    - the size of the 3p number for these stage of development drilling is very big

    I do a very similarly excercise with Birkhead, the main differnce been as Birkhead amplitudes much higher to pick on seismic it often takes development drilling to delinate a field so the additionla wells will give us a sense of size, but again at this stage the results suggest a biggish birkhead field so if i consider we have a biggish birkhead field sitting on top of a huge namur field, what we have is a monster that will likely produce 4000 bopd net for BPT or 120-130 million of revenue per annum for a 4-8 years maybe more

 
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