BPT have run 3D over more than just Fermat re: p46.
It was the amount of 3D shot that changed the carry arrangements.
Why do you think they are drilling Fermat?
Why do you think they have 2.8 km of casing down there so far ?
Do you think with BPT's strike rate that flaxman, waarre 1, and waarre 2 formations will be dry ?
Dry gas may be...but dry dry and dry ?
I think they cased thru flaxman for drill balance.
If flaxman produces the sort of pressures expected, casing will seal zone as well as reducing the need to run over balanced, which could have then be kept in reserve for waare 1 recently and waarre 2 imminently.
Can't help thinking about the cost of that 2.8km of casing without coming up with GAS....( taking something for it now )
BPT know what they're doin' .
EPR Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
