Location with existing gas infrastructure. BPT has a lot of...

Location with existing gas infrastructure. BPT has a lot of organic growth opportunities. In the Perth Basin, 8 or more exploration and appraisal wells are planned to be drilled starting April 2023. Starting with the big prospect called Trigg. BPT wants to prove up additional gas reserves in Beharra Springs area to develop the uncontracted gas from the 50% owned Beharra Springs Deep discovery of approximately 60 mmboe. BPT and Mitsui can then expand the Stage 2 Gas Processing Plant from 250 TJ per day to 400 TJ per day. Capex for the expansion should be a lot less than building a new gas plant. There would also be saving in the operating cost. If projected cost in Stage 2 Waitsia is around $1 per GJ, the additional gas from expansion in Stage 2 Waitsia plant could be produced at 50 cents per GJ.