BPT sold 6.170 mmboe of their own product. The 6.44 mmboe you quoted includes third party sales. As always, you failed to mentioned that BPT Capex for FY21 is only $670m. And that includes the $40m unsuccessful Ironbark well.
as to the increase in net debt, it is a mystery but it doesn’t mean there is a big problem. BPT profit margins are rising. And Capex will fall by next year as Otway Basin campaign completes. The additional 2P reserves found in Otway is worth heaps. It doesn’t appear on the sales revenue. Money spent didn’t just disappear!
Ann: Quarterly report for the period ended 30 June 2021, page-19
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Last
$1.56 |
Change
-0.005(0.32%) |
Mkt cap ! $3.547B | |||
| Open | High | Low | Value | Volume |
| $1.55 | $1.57 | $1.54 | $6.996M | 4.488M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 50705 | $1.56 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.56 | 136978 | 4 |
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