ADE adelaide energy limited
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bpt outperform

  1. enzoal
    56 Posts.
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    10/02/11
    09:54
    Post #: 7870264
    Macquarie Research - a summary of today's Macquarie Research - 10 February 2011

    Beach Energy BPT Outperform
    Cooper upgrade breathes new life
    ? Following STO's reserves review, BPT announced this could equate to a 12mmboe net increase to its own net Cooper reserves.
    ? BPT's 2P reserves life will be extended by ~2 years. Extending production in the Cooper Basin will also increase our NAV by ~6%.
    ? Maintain Outperform. BPT will enjoy leverage to the higher oil prices in the near-term. We also expect an update on Cooper shale by mid-year.


    Good news for ADE!
    ADE Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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