Yes, previously I have hit out at Macquarie & Citibank to selling down BPT, which lead to BPT's sp going down to 80c.
Unfortunately, I have been quiet on the BPT thread of late.
But interesting I stumbled across this report on STO.
Just something to think about, "Macquarie" "attributes" a NAV of $1.13/sh for Moomba-191.
STO has 953,003,449 shares on issue. This equates to a total NAV of $1,076,893,897.37
Bear in mind, STO holds 66.6% of the tenement that consists of Moomba-191. That means the NAV attributable to BPT's 20.21% to $326,787,172.16 OR $0.2603 per BPT share.
Thought PEL218 is not commercial yet, given its location is more closer to Moomba and infrastructure. Success at BPT's PEL218 in becoming commercial and a maiden booking of "reserves" will see BPT hit a new level.
The proposed "Dashwood-1", "Rapid-1", and "Weyland-1" would be closest to Moomba. Halifax-1 would be the furthest.
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