Yes, they have the Cooper sussed with 70% + strike rates now,...

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.