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Totally agree. The SP means little now as games will still be played.

Many will not understand the significance of today.

To summarise:

COPPER BASIN UNCONVENTIONAL GAS has got its first major legup. I will compare it to the current 'rare earths' boom but much more sustainable.

With all the major Gas plays currently in action and CSM on the outer they will look more at Shale Gas. Our future is secure and huge upside exists.

It really is a re-rating and you will see this from the various broker recommendations that will emerge for BPT over the next week.


From announcement:


''In addition to this, Beach has a large operated acreage position targeting unconventional gas in the Cooper Basin, particularly in the Nappamerri Trough, where potential gas in place volumes are estimated to be in excess of 200 trillion cubic feet.''


''This significant additional demand for gas heralds a new era for the Cooper Basin. This proposal brings a new large scale customer with export market opportunities. I believe that it will potentially open other doors into the world of LNG supply. If this gas supply deal is consummated, it will also set the foundation for ongoing growth and optimisation of Cooper Basin gas supplies for the next 20 years and beyond, where we will be seeking to develop further volumes to place into domestic and export markets.