I was thinking about Egypt and how BPT has so many opportunities...

I was thinking about Egypt and how BPT has so many opportunities that in themselves add little bits of value to the big cash flow generating engine but are often missed . Egypt for example in the one concession currently, is producing 500 barrels of oil per day during EPT . Annualised this concession ( and the have others with discoveries) ma generate within a year or so 1000 bopd for BPT or over 20 million a year. This essentiallly allows for funding of a big exploration program ( remembering the have 20% holdings in these permits) to further generate wealth into the future
I then turned my thinking towards cash flow this year and next and although all the cash generation will go into a massive capex program for shale and conventional drilling , what happens next year when shale expenditure reduces ( but that just ispts a go or no go ) what happens is we will have significant cash flow surplus which I estimate at circa 100-180 per annum . This puts BPT in the very enviable position in 2013/2014 of
No debt and Cash
100 mboe reserves
Elephants that they can drill themsleves in Tanazania
And big free cash flow
I assume wells in Tanzania will cost 30-40 million each add although I expect BPt to free carry or farm down significantly BPT can if they choose comfortably drill a couple on their own
The next 2 years will be very good ones