Ann: Halifax 1 Shale Gas Well Update , page-11

sicemrex
855 is very potentially very valuable. infact I mentioned on te ICN thread a couple of weeks ago the GSA with Shantou is very interesting and may be strategic for BPT.
IN answer to your question why we dont talk about 855 that much on the BPT thread, it is one piece of the shale puzzle for BPT. BPT also has the SACBJV shale holdings, the 218 holdings, STX JV holdings and arguably the wetgas holdings which DLS have said could be deepened to access shale as well as the 50% of Pel05 with AKK whcih sits right above the trough. So 855 is only one piece of the shale puzzle for BPT and furthermore its even a smaller piece of BPTs overall value/business. So when i talk about BPT, you will find I focus about 70% on the core business and about 20% of the shale and about 10% on Tanzania. In ICN case its core asset is 855 and many hope of a BPT TO which may or may not happen but we havent even proven up the asset yet let alone proved commerciality. I try to be strategic in my thinking and I think if China slows it has the potential to disrupt energy markets ST. The issue is apparently the USA are about 3 years away from LNG exports to ASIA. This may inturn mean non sanctioned LNG projcts in Aus remain that way which could impact shale growth. In BPT case if you beleive in Shale commerciality, you believe in high gas prices, and for BPT higher gas prices are in themsleves valuable. In summary there is a lot more to talk about than 855 but when its rlevanat like with the last ann unexpected gas shows then we discuss with gusto