Took some time to re-read the report I just wanted to touch on a couple of points in the hope of getting others thoughts.
First off, lets talk numbers. Production numbers.
In FY12 BPT produced 7.5 MMboe.
BPT are aiming for 8.5-9.0 MMboe.
That's upto %20 higher!
I also noticed this little piece regarding the southern Egyptian prospect, which I might add is huge.
To put its size in perspective the Mesaha concession (43 million km2) is only a bit smaller than BPT entire net acreage in the Cooper Basin (48 million km2). Although BPT only owns %15 of Mesaha, that's over 6 million km2.
Would appreciate some clarification regarding the statement 'Currently %35 rigged up'?
Also, 2,900 km2 of 2D seismic sounds huge?
As in Lake Tanganyika South they completed one which covered about 2,100 km2.
Great to see BPT sp hold up today. Good things to come.
and yes, I have not mentioned all the other positives that BPT has coming up. Although I must end with the best in the near term, with further drilling in PEL 218 and Halifax in 855, 2C contingent resources will grow enormously. I think 1 Billion barrels oil equivalent is a good midterm goal.
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