BPT 1.40% $1.45 beach energy limited

moomba-191 nav attributable to bpt

  1. 3,394 Posts.
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    Yes, previously I have hit out at Macquarie & Citibank to selling down BPT, which lead to BPT's sp going down to 80c.

    Unfortunately, I have been quiet on the BPT thread of late.

    But interesting I stumbled across this report on STO.

    Just something to think about, "Macquarie" "attributes" a NAV of $1.13/sh for Moomba-191.

    STO has 953,003,449 shares on issue. This equates to a total NAV of $1,076,893,897.37

    Bear in mind, STO holds 66.6% of the tenement that consists of Moomba-191. That means the NAV attributable to BPT's 20.21% to $326,787,172.16 OR $0.2603 per BPT share.

    Thought PEL218 is not commercial yet, given its location is more closer to Moomba and infrastructure. Success at BPT's PEL218 in becoming commercial and a maiden booking of "reserves" will see BPT hit a new level.

    The proposed "Dashwood-1", "Rapid-1", and "Weyland-1" would be closest to Moomba. Halifax-1 would be the furthest.

    http://www.macquarie.com.au/dafiles/Internet/mgl/au/apps/retail-newsletter/docs/2012_08/STO170812e.pdf
 
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