management should be proud , page-35

Buddy, its interesting that you have a different view to me re Beach. IS the putting money in a few different directions a spreading of risk or should the directors put all there eggs in one basket and watch the basket like crazy.

I think the oil game is about risk mitigation. Hence spread your risk a bit. Having said that, they have most of there investments in the Cooper basin and in Australia.

A few high risk wells and high reward acreage overseas.

Have a look at Sundance Energy (SEA), Beach paid 13 cents a share about 12 months ago. A 300% return in 12 months.
Its also about accessing the technology required for shale gas and tight gas production as well as the technology to convert gas to liquids.

Also look at Altona Energy and you will see why BPT is involved in shale gas. Whether BPT can replicate the share price is another matter. Fantastic chart.

I hope the share price falls to 20 cents as I will top up then. Keep talking it down guys.

Does the market ever get it wrong? Is any stock over sold or over bought? I will leave you to ponder that one. Just look at CDU. The market is always right???????

The big boys are having a field day.

Good luck.

DYOR