the bpt announcement states the abc sales replaces the existing contract - looka like this is a new contract..
BPT quarterly states "since recommencement of production in early July 2016, ex PEL 106 daily gas and gas liquids production reached maximum capacity of approximately 3,700 boe".
http://www.beachenergy.com.au/irm/PDF/6170/QuarterlyReportfortheperiodended30June2016
absolutely no volume mentioned as part of deal so seems like BPT are doing a deal so to get a piece of the SA govt's $6m easy coin on offer (i.e. promise the world for 12 months and then head for the hills (desert??) with the loot).. imho.
Adl
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