Hi guys I am a holder of BPT A few quick comments 1 - the TCF...

Hi guys
I am a holder of BPT
A few quick comments
1 - the TCF number is a gas in place number - the recoverable level is estimated at approc 10% .
2. I think BPT are starting to believe that an increased number of lower cost verticals may be the go for a lower cost commercialisation , better economics and thus locking in the first mover advantage. If this is the case then a bigger resource may be required to handpick the best of the centred gas areas to prove up a low cost very large resource . In the end a 10tcf number is a huge number so even that level of recoverable resource developed at the lowest cost possible could be material
3. The greater the continuity of the centre gas area, the more confidence a major will have that supply side issues experienced currently in the CSg
areas will not materialise
Just some thoughts -