Baeur is a pretty good discovery, just goes to show that Beach has the field experience in the Cooper Basin to find new discoveries. No wonder it usually insists on being operator, that's because it usually finds the black stuff!
So we have today new discoveries 75% of 500,000 boe, and 40% of 2,000,000 which at USD 100 per barrel is (Beach's share) $37.5 million and $80 million respectively. Not sure what our costs per barrel are in the western flank but it's another 1 million boe in reserves to add to our tally!
Hopefully the shale gas reserves statement is 5 times bigger than initially anticipated just like the flow from Holdfast-1 was.
two new oil discoveries..announcement, page-2
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