Yes, they have the Cooper sussed with 70% + strike rates now, goes to show the recent advances in seismic.
Re the BMG, this is what they said:
"potential to commit to a larger FPSO (to replace the existing FPSO and shuttle tanker) to accommodate an optimal oil development ahead of a revised gas development plan.
The BMG Joint Venture expects to commit to a gas development within the next 12 months with any future gas off-take arrangements to complement the optimised oil development plan."
In other words they are going to open the flood gates on the oil production next year.
The more I look at BPT, the more I like what I see, it's a quality stock. 10% of Hurricane also looks like it could be handy. You would think they would be good for $2+ over the coming months, Encinya have it as a buy up to $1.70 and they are usually conservative. It's not going to go through the roof overnight or anything, just a good steady earner IMO.
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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6 | 21143 | 1.310 |
5 | 109153 | 1.305 |
12 | 160003 | 1.300 |
7 | 124844 | 1.295 |
12 | 140959 | 1.290 |
Price($) | Vol. | No. |
---|---|---|
1.315 | 21590 | 3 |
1.320 | 93594 | 8 |
1.325 | 484991 | 7 |
1.330 | 200711 | 8 |
1.335 | 32017 | 4 |
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