Apropos my last post this thread (complete with obligatory spelling mistake courtesy of auto correct); have canvassed Reservoir Engineer for his view on why BPT carries PEL 218 gas as Resource rather than Reserve.
His view is there are a number of interrelated factors:
1. Absence of GSA.
2. Not currently commerciall.
3. Not technically proven.
4. Other.
Classification is a matter of opinion so, to some extent, the RE is speculating as to why BPT's REs have formed the view they have.
For mine, I think there is some work to be done before BPT is in a position to sell gas and buyers have the confidence to purchase. The field needs to be technically proven to a satisfactory level of confidence. Then a view needs to be formed it is commercial and GSA signed.
These are not small commitments and board of both BPT and gas buyer will want a lot of reassurance.
statoil takeover - early next year?, page-43
Add BPT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.24 |
Change
0.000(0.00%) |
Mkt cap ! $2.828B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.26 | $1.23 | $7.083M | 5.678M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 33398 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 80330 | 2 |
View Market Depth
| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| BPT (ASX) Chart |