Ann: Oil Discovery at Windmill 1 , page-2

What a great afternoon,

Beach once again drills and finds oil.
I am very much guesstimating but could be up-to 800k barrels in size going from past finds.

Very coy statement from COE director -

Windmill-1 is a good success for the PEL 92 Joint Venture, with a 6 metre net oil column in the Namur sandstone and some interesting indications of oil within the Birkhead formation. Over the coming days we will further evaluate the Birkhead through a wireline pressure survey and possibly a drill stem test."

Hoping others might be able to expand a little upon what he is talking about.

Then we get another update regarding Halifax with an excellent, but very much understated statement:

"Good gas shows throughout the cored and drilled intervals".

H U G E...

BPT is the right company to get these resources to market and duly reward its shareholders.