BPT 0.00% $1.28 beach energy limited

This one isn't going to be used as a producer, it's just a test...

  1. 759 Posts.
    lightbulb Created with Sketch. 25
    This one isn't going to be used as a producer, it's just a test to see if the Shale is frackable and will flow gas.

    If it flows reasonably (leys say more than 2 MMcfd), they'll then go an optimise the next fracked well and get something more like 6-8MMcfd. If gas starts getting up past $5-6 we would have a big commerical field, and a substantial reserves upgrade.

    I haven't done any calcs, I'm just looking to the share price for clues as to whether it's commercial.
 
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