...Not to mention the 100% exploration/development result for the half, so no nasty write downs in financial results at end of Feb '11. I suspect BPT may report a A$50m profit for the half although cash flow may be moderated with higher receivables.
Seems like STO is drilling-up the Cooper like mad trying to get additional reserves proved up for GLNG. This will be a big boost for BPT with 20% share of most of the permits in which STO is drilling.
BPT fell from mid $1.50s to sub $1 after the sale of Tipton, which reduced reserves significantly. If BPT can add immediate material reserves in this half, we should get a serious re-rating.
Lots of good coming from the BPT show at the moment...
Just waiting for SP of $1 - picking end of Q1/11.
bell potter recommendation in the west, page-3
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Last
$1.27 |
Change
0.015(1.20%) |
Mkt cap ! $2.897B | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.30 | $1.26 | $9.725M | 7.622M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 135823 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 50000 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| BPT (ASX) Chart |