One of our biggest challenges in drilling PEL105 was rig availability. BPT has active rigs in the Cooper near our block so we couldn't be happier with our new partner in Beach.
ADE's business is centred around non-conventional Australian assets which suits BPT perfectly. Our core areas are US based with the just the one prospect in Australia. This makes the probability of a bid from Beach highly unlikely.
Regards,
Guy Goudy"
AKK Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
