Dear Melinvest et.al.
Thanks for your post. Good to have some favourable news today when there is carnage on BPT and the wider ASX.
Did a bit of googling to find out as much as I could about the Adriatic Sea and it's oil potential. Seems like BPT might be onto something. Many exploration companies report same info... "proven but undeveloped" came up quite a lot. Does anyone know of the geomorphologies and subsequent geologies of this region?
With BPT diversifying it's production base it should promote more attention from wholesale funds. The fundies love risk minimisation and diversification strategies like this. Looks like BPT is behaving like a good ASX 200 company should. Good boy Reg.
While I don't think (IMHO) this announcement will help sp today it can't do any harm either. Who knows, it might stop BPT getting pulled down lower in the ASX vacuum today.
Chin up Beach goers. The world still needs oil and as shareholders- we own it!
Capt. Goodvibes
the durresi block farmout, page-5
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