Stayer It's an interesting consideration One thing that I think is interesting is the concept of sweet spot development. We are starting with a resource that even with a 10-15% recovery factor is so big that we will only need to moe a small percentage to production to have a very viable development . Th concept of the small LNG plant in SA is interesting. We assume that BPT will end up selling it gas that it will bring to production with the help of a Big JV partner. It may infact end up that BPT end up with a minority holding of both the gas and e facility. The micro LNG facility allows for the best parts of the resource to be exploited which one would assume would bring down costs to level where production is economic soon.
It's been a decent week with a couple of attempts at a march beyond 1.40. This was the gap that had to be filled perhaps we will see a few weeks of consolidation before we move forward - its down well relative to the weka oil price and weak markets
BPT Price at posting:
$1.35 Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)