BPT 0.77% $1.30 beach energy limited

your monet your call, page-3

  1. 20,412 Posts.
    lightbulb Created with Sketch. 1996
    I dont know who Ben Clark is but if he said he would rather invest in Cooper energy then I am packaging a couple of big red shoes and ready to send them.
    Copper energy has 1.9 million in reserves of which 100k is marginal Indonesian oil . Of the 1.8 , of cooper basin oil a few hundred thousand barrels is from the old Stuart petroleum JVs and this production has a very long tail. If we look at COE Eav per barrel of 2 p reserve it's at 3 times what BPTs is . Coe key producing permit is 25% of Pel 92 and although we expect a few more discoveries it is mature.

    The guy hasnt got a clue in my not do humble opinion. Dissappointed with management - for what ... One of the best outfits in the market from CEO down to a great IR manager
    Benleigh - I think a figure of about 20 is appropriate for BPTs 2 p reserves if one assumes 30 dollars NPV for oil and gas liquids and about 12 for gas
    Intrinsic conventional asset value is around 150-155IMO intrinsic total value to account for shake , tanzania Etc a lot higher obviously
 
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