I'm waiting to see what the quarterly report looks like before buying back in.
I think production will be down quarter on quarter as Otway production appears to have actually dropped from 159T/J gross per day to 147/T/J gross per day quarter on quarter based on the AEMO Data.
This drop is surprising considering Thylacine West 1 and 2 were connected to the Otway Gas plant back in October.
If the comments from the poster who claims to work at Waitsia are correct and there are further delays announced in the quarterly report the market will punish the share price accordingly. I agree that its an unproven claim but based on the site visit announcement and track history I see no reason to doubt the claim.
My sentiment just to avoid another Barney rant is Wait for quarterly report and buy on the drop.
BPT Price at posting:
$1.45 Sentiment: None Disclosure: Not Held
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