Cant help but get excited reading the annual report.
Close followers of BKP will note that in regards to Heron they say they now interpret the structure to be closed to the north. Closure was always the big risk with this field. They state chances of success are above 20%. Call it 30% - then 30% of 35% or 200mmbo (risked) is 21million barrels. I would suggest the sp is does not reflect the potential, but this is my opinion against the markets'.
More intrigueingly they have identified a nearby field similar in size and structure to Heron. If Heron comes good then this one is very likely prove itself as well. You could draw a long bow and saw success in Heron is pretty well worth 40mmbo to BKP. Now if that is not a five bagger for BKP.
Good luck ot holders
BKP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
