re: more oil for beach (ian whitchurch) G'day Ian,
The Kenmore wells are tapping into BPT's 100% owned oil producing Bodalla field and are aimed at (& are achieving) increased production. BPT are getting pretty good at extracing wealth for minimal cost.
The other well they are currently drilling is a different kettle of fish - Waitpinga 1, if successful will add real value to the company.
Even so, BPT is doing quite nicely at the moment after going ex dividend today.
more oil for beach, page-4
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