Ive been reviewing the company and its projects. I have always been interested in its offshore Gippsland permits especially the Judith prospect
However I have to admit until today I had completely overlooked and discounted BAS's onshore Otway basin permits
I know that BAS managed to negotiate a good farmout with that Singaporean firm ITR over 1 of the Otway leases PEP 167, what is interesting is if we look at Beach petroleums recent deals 1 was with LKO for its onshore Gippsland gas permits which lie to the far east of BAS's permits
More importantly and more relevant is the deal Beach did with EPR now SNE which has permits in the Otway basin immediately to the west of BAS's permits
I think it makes logical sense for the company to try and JV its other Otway permit PEP 150 with Beach
Just my silly thoughts
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company should jv otway permits with beach
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