imo, I don't think it impacts BPT that much as much as AJQ & LKO.
All BPT needs to is withdraw from the $50m farm-in deal with LKO, less any costs already forked out on Wombat-4 or obligations.
I still think its positive for BPT on the news, as this enables BPT to save up to $50m to refocus that money on some better projects such as PEL218 and Tanzania, which are likely to have bigger outcomes or returns.
Thus, why AJQ fell like 20%, BPT did fall a couple of cents in early trade, but the overall market fell too.
http://www.asx.com.au/asxpdf/20100414/pdf/31prwhdz34qr63.pdf
Victoria and Somerton, page-14
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Last
$1.32 |
Change
0.020(1.54%) |
Mkt cap ! $2.999B | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.33 | $1.30 | $14.05M | 10.65M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23247 | $1.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.32 | 355096 | 12 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| BPT (ASX) Chart |