Victoria and Somerton, page-7

Pacific winner
I think you can judge the impact of this decision for BPT on the fact they didn't even bother making an announcement - price sensitive or otherwise whereas LKO went into a TH. BPT exposure is so minscual not even worth discussing as they haven't even spent the dollars yet. Interestingly from a long term view these kind of decisions only mean the the conventional gas business becomes more valuable . It's time like these when we realise how great and unique BPTs position is. If CSG has problems - good for BPT, if shale has problems - not necessity bad for BPT- As demand for their conventional gas grows so even though the multi bag potential of shale may go, the core business will be more valuable. The other advantage is the geographic diversification of BPTs exposure.
Your comment BPT may go up or down on Monday.... I think with dow up 100 points , SPI up 26 , this Ann on Friday and results due Tuesday I think it's 95% chance of an up day and about 5% down