Very interesting. I would like to highlight the timing, with release of the seismic results expected mid-next year.
Meanwhile, in the SMH is news of AGL's request to raise domestic NSW gas prices by 10.4% plus inflation for next year:
http://www.smh.com.au/business/first-electricity-now-gas-prices-set-to-take-off-20121127-2a4mm.html
Plus some hints there is more to come.
So BPT has the shortfall in east coast gas supply arriving as it predicted in 2013-2015, when they have scheduled initial non-conventional gas production to begin.
Plus, they have seismic results that may lead to a farm-out about the same time.
Perfect storm for the BPT share price?
ch’s african oil prospects draw interest, page-2
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