You are absolutely right John, going from the reports its...

  1. 11,882 Posts.
    lightbulb Created with Sketch. 6543
    You are absolutely right John, going from the reports its initial potential is seen as small, but I did a little checking regarding the depth/length of the oil find and (only going off that) it could be bigger, going from past BPT finds- ie. Rincon-1

    Anyway, I was going to use a smaller number, but was having a good look at the old Rincon-1 find which hit 4.5 meters of pay and looked to have a field size of over 500k. So I just extrapolated a bit, plus, the mention of the Birkhead formation and drill stem test (which is basically just a cheap way to test the possible formation) could possibly mean they have hit another source, therefore a greater overall resource.

    All pure speculation on my part (I don't do it very much which I realize is ironic considering my name)
    haha.
 
watchlist Created with Sketch. Add BPT (ASX) to my watchlist
(20min delay)
Last
$1.28
Change
0.000(0.00%)
Mkt cap ! $2.920B
Open High Low Value Volume
$1.28 $1.29 $1.27 $6.419M 5.024M

Buyers (Bids)

No. Vol. Price($)
3 32293 $1.28
 

Sellers (Offers)

Price($) Vol. No.
$1.28 42322 3
View Market Depth
Last trade - 16.10pm 23/08/2024 (20 minute delay) ?
BPT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.