bpt: the arrow energy of shale gas

8 years ago, my friend bought into Arrow Energy around 20c. At the time, I was still in uni and he just started working. I didn't know him back then. In 2009, he told me about Arrow Energy (formerly AOE) and how CSG was something new in gas, I bought into AOE when it was like $2.54 and he held since 20c. When I was at uni, I never heard about CSG. We both made money on AOE being takenover by PetroChina/Shell. He's original 10k investment 8 years ago, became over $200k. That is something.

Now though BPT isn't a startup company ie. as though it just IPO'd at 20c. But what BPT is doing at late 2009 talking up about the prospectives of shale gas in Australia IS EXACTLY the same thing what AOE did probably 8 years ago for CSG in Australia (same applies with QGC, I still remember QGC, when my dad bought in at around 20c, but unfortunately he didn't hold it for 8 years up until BG Group's takeover).

See back in 2009, when BPT was talking about the revolution that shale gas did in America can be replicated in Australia. CAN YOU BELIEVE IT? BPT was the first company to mark that claim. It wasn't BHP, STO, or AWE. It was BPT. How did the market respond? They were pessimistic and didn't believe BPT at all. Look at the historical charts back then, SP was a rollercoaster and was a trader's haven in buying in lows and selling at highs. Definitely not a fundamental stock.

So what happened? BPT went ahead with taking this "risky" task of explorating and drilling for shale gas 2 years ago, at a time when skepticals say it wasn't feasible in Australia due to its high cost nature (esp. higher cost in Australian than North America).

Fast forward to today. BPT has now become the first Australian company ever to successful prove shale gas being viable inside Australia, at a time when every other company Aussie ones or international ones are saying "lets start looking for shale gas in Australia". MATE, this is what BPT did 2 years ago.

Have a look around, what other company operating in Aussie shale gas is even close enough to BPT's "de-risked" stage? The closest project in shale is EXE/CNOOC in the Galilee Basin, which they were the second company to start drilling inside Australia. While every other company is all talking at the moment or raising capital or looking for "big pocket" international companies to help out.

Arrow back then didn't have much proven oil assets, but BPT at the moment does and has revenues and cashflows from sales. So I don't know if this meant to be a good thing, but it sure damn is, without needing any Einsteins to tell you that.

BPT's go it alone strategy with shale gas is now paying off with its dominant position in the Cooper Basin ie. intrinsic control of 100% of PEL218 (ie. 90% direct control by BPT and indirect control of 10% by ADE) and 60% intrinsic control of ATP855 (ie. 40% direct control by BPT and indirect control of 20% by ADE).

Now if any big international company wants to talk to BPT and farm-in. You have to talk to us with big $$$ as PEL218 is a de-risked project where alot of hard work and money was done on it.

Going forth, we have strong confidence in BPT and its management in further "de-risking" the Cooper Basin and prove it up with commercially economical reserves.

Fast-forward BPT to another 2 years or 3 years, BPT will look like QGC or AOE but much more greater.

Also, BPT was judged as during the S&P downgrade of the US credit rating market volatility as the second strongest ASX200 Energy company in withstanding the market slaughter at the time.

Looking at the $1.08 is a terrific result and we are ready to crack the massive $1.10 sellers barrier and break our 52 week high of $1.105.

Go BPT!