I think the reason it is a resource, not a reserve, is they have not demonstrated production at an economic price.
Obviously, BPT management believe they can produce at a price that will be economic (but I guess, contingent on higher east coast gas prices).
statoil takeover - early next year?, page-30
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$1.26 |
Change
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Mkt cap ! $2.885B | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.27 | $1.25 | $1.873M | 1.483M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 69592 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 24882 | 15 |
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| BPT (ASX) Chart |