The vast majority of the assets talked about, are the ones with DLS!
Bauer field extensions in the North and South (BPT has sat on thee for years)
PEL 106- Wet gas... great flows. i.e... STO/DLS asset very valuable next door
Patchawarra deep coals.... um Yep, DLS has it in abundance.
I am really happy to see BPT implementing debottle necking on the Western flank. Also very interesting to see old wells being rejuvenated and producing well.
The SACB is almost stopping its infill, and now solely focusing on appraisal of current fields. They are tightening their belts like crazy.
Anyway, DLS is what will make BPT strong, not the other way around. I still wonder.... if DLS has some success in PEL 101 or PEL 570, will BPT have to look at raising its offer?
DLS Price at posting:
66.5¢ Sentiment: Hold Disclosure: Held