BPT 0.99% $1.54 beach energy limited

herald sun article, page-7

  1. 830 Posts.
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    I'm not ceo, but for my mind the Egyptian assets are unlikely to be effected in a stand alone way.
    By that I mean if the unrest in the middle east spreads, it will impact lots more than Beach's little wells, with the result that global prices will surge, making up for any Egyptian shut in.
    In a less extreme, and more likely scenario, in my opinion, is for political squabbles that may erupt in some violence in the cities, but no major impact on oil production.
    Even in a Libya type civil war, as unlikely as that may be, whichever side has control of production resources will act to keep them flowing for the income.
    Overall, it is worth remembering the Egyptian investment is valuable, but only cost $33m. Not peanuts, but not a major share price driver of a $1.7b company.
 
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