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Beach sold a 4 million barrel reserve in the Bass Straight...

  1. Neil_WA
    2,988 Posts.
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    03/04/09
    00:00
    Post #: 4975590
    Beach sold a 4 million barrel reserve in the Bass Straight (deeper waters) for $120mil a while back. I think oil was closer to $90/barrel at the time though. The buyers must have felt pretty dumb as the oil price plunged into the thirties though!
    TDO Price at posting: 8.9¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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