BPT was higher in 1988 than it was now. It was also higher in...

BPT was higher in 1988 than it was now. It was also higher in 1993, 2006, 2008 and 2014. It's all relative, this is a volatile sector to be in and even BPT, a long established, dominant player in arguably Australia's best oil province, proves that.

In other news, CPT is going well - RC recently commented that they could be paying the NT $18m a year in royalities....I believe that's quite ambitious but to put it that into perspective, that would imply $180m of well head revenue at 10% royalty rate (i.e. refer to m0ngy's recent post on "well head revenue" and "royalties"). This could imply revenue of over double the $180m a year with royalty rates averaging c. 4% on revenue. While it's nice to dream these sort of numbers, I know there are a lot of things to happen before then but I'm hanging on here...