BPT 0.33% $1.52 beach energy limited

bell potter recommendation in the west

  1. 742 Posts.
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    Hi Beachgoers

    As I was flicking through Saturday's 29 Jan 2010 West Australian I came across an interesting recommendation in Stock Tips in the business section

    "BPT
    Beach Energy
    Sales revenue of $142.4 million was significantly above expectations and included inventory sales plus third-party volumes. The 16 well Cooper Basin exploration and appraisal program is scheduled to begin this quarter and first oil production from Egypt is expected in the June quarter. A second Bakken oil shale well in North Dakota has been successfully fractured. ENcounter-1 found a 393 metre shakle section with good gas shows. Price 82.5c, target 97c
    Bell Potter BUY"
    (The West Australian Stock Tips p77 Jan 29-30 2011)

    regards
    Capt Goodvibes

    Discl:- I hold, accumulate and trade BPT.

 
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$1.52
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$1.53 46456 2
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