re: more oil for beach (ian whitchurch) G'day Ian,
The Kenmore wells are tapping into BPT's 100% owned oil producing Bodalla field and are aimed at (& are achieving) increased production. BPT are getting pretty good at extracing wealth for minimal cost.
The other well they are currently drilling is a different kettle of fish - Waitpinga 1, if successful will add real value to the company.
Even so, BPT is doing quite nicely at the moment after going ex dividend today.
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