Wrt to my previous posts on the benefits on the BPT alliance, today is testimony to my pay day. I've held this over a year since entry at 6c.
I strongly believe in BPT and PEL218.
Going forth I think with ATP855, BPT will further gain interest when the first $16m carried free cost exhaust. ICN will either do a massive capital raising in 2012 or give up further interest in ATP855 in return for BPT to assist in ICN share of the costs.
I suspect BPT will renegotiate the terms on the ADE-BUL farm-in for Marybourgh Basin.
I also have belief that BPT could sell a stake in PEL218 for a good premium (possibly to Japanese parties) hence ADE underground gas storage in SA is a strategic asset.
Well done BPT and ADE. Well done Carl. A loyal BPT and ADE holder.
ADE Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
