I know they made a monster on CSG back in the day in the original boom, but i believe they've said in old AGMs when I use to hold BPT that they had the same opinion as woodside on CSG vs conventional. They hate the ecomincs of it, Just way to many wells and landholders and general BS to manage, the economics equate much closer to large scale manufacturing. They want 6 wells producing the same as a 100 csg wells. One wildcat well producing bonanza flows, that's what BPT want
never say never I guess, but CSG remains firmly outside the BPT wheel house. Gas maybe gas and the same price but the nuances of CSG field development is not be underestimated as a specialty, and a total effing headache. Have you seen the workover programs required? Its crazy
COI Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
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