...Not to mention the 100% exploration/development result for the half, so no nasty write downs in financial results at end of Feb '11. I suspect BPT may report a A$50m profit for the half although cash flow may be moderated with higher receivables.
Seems like STO is drilling-up the Cooper like mad trying to get additional reserves proved up for GLNG. This will be a big boost for BPT with 20% share of most of the permits in which STO is drilling.
BPT fell from mid $1.50s to sub $1 after the sale of Tipton, which reduced reserves significantly. If BPT can add immediate material reserves in this half, we should get a serious re-rating.
Lots of good coming from the BPT show at the moment...
Just waiting for SP of $1 - picking end of Q1/11.
bell potter recommendation in the west, page-3
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Last
$1.28 |
Change
-0.005(0.39%) |
Mkt cap ! $2.920B | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.29 | $1.27 | $4.172M | 3.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34600 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 308421 | 5 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| BPT (ASX) Chart |