What a great afternoon,
Beach once again drills and finds oil.
I am very much guesstimating but could be up-to 800k barrels in size going from past finds.
Very coy statement from COE director -
Windmill-1 is a good success for the PEL 92 Joint Venture, with a 6 metre net oil column in the Namur sandstone and some interesting indications of oil within the Birkhead formation. Over the coming days we will further evaluate the Birkhead through a wireline pressure survey and possibly a drill stem test."
Hoping others might be able to expand a little upon what he is talking about.
Then we get another update regarding Halifax with an excellent, but very much understated statement:
"Good gas shows throughout the cored and drilled intervals".
H U G E...
BPT is the right company to get these resources to market and duly reward its shareholders.
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