Some interesting views in BPT's Moonta 1 well in the cooper on Friday. suspect the market reaction to BPT will be a bit negative tomorrow towards that latest announcement (IMO). Makes STX's shallow liquids rich shales and coals in the cooper, which are likely to be significantly cheaper to exploit than the deep basin centred dry gas play in the nappamerri trough, look very attractive IMO. BPT might become more and more attracted to STX's assets as a result....perhaps.
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wilson htm research note, page-29
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