BPT - Beach Energy

noirua · 1 June 2011

Bonk said:
Euroz Research states today , Myponga-1 success will add 15c to their current valuation of 39c . BPT is currently 28.5c in this depressed market. Myponga-1 is tipped to hold 10mmbbloe.
Also, BPT has currently 37m dollars cash ...for acquisitions?

Bonk, 7 years ago you saw BPT cheap at 28.5c and they now stand at a $1.00, how right you were. Another poster said they'd put their money for a house in BPT - now their $200,000 is about $700,000 - well done them as well.

As to now, BPT are about 7% off their recent 2011 peak and have had continued success on the Western Flank with Hanson-1 with a new field oil discovery, the first well in a 5 well exploration drilling program in PEL 91 in The Cooper Basin, SA.

BPT are certainly one to add to your monitor with oil prices in general holding up well.

noirua · 12 July 2011

noirua said:
Bonk, 7 years ago you saw BPT cheap at 28.5c and they now stand at a $1.00, how right you were. Another poster said they'd put their money for a house in BPT - now their $200,000 is about $700,000 - well done them as well.

As to now, BPT are about 7% off their recent 2011 peak and have had continued success on the Western Flank with Hanson-1 with a new field oil discovery, the first well in a 5 well exploration drilling program in PEL 91 in The Cooper Basin, SA.

BPT are certainly one to add to your monitor with oil prices in general holding up well.

BPT are now in 'Trading Halt' together with JV partner ADE. News on Holdfast-1 is due.

oldblue · 12 July 2011

Good test from Holdfast1 !

http://asx.com.au/asxpdf/20110712/pdf/41zqj9728wwxfn.pdf

So_Cynical · 12 July 2011

So_Cynical said:
(8th-October-2010) Is everyone asleep at the wheel here? Beach has started drilling into a massive shale deposit in the Cooper basin looking to be the first (i think) Aussie energy company to find commercial quantity's of shale gas in Australia.

For anyone who doesn't know that a Shale Gas gusher looks like...see below.

http://bpt.irmau.com/IRM/Company/ShowPage.aspx/PDFs/2597-40510231/MediaReleaseHoldfast1
~

noirua · 16 July 2011

oldblue said:
Good test from Holdfast1 !

http://asx.com.au/asxpdf/20110712/pdf/41zqj9728wwxfn.pdf

Great results but Australia are a Fourth World Country when it comes to storage facilities. If prices are low it has to be sold and thats no better than an outback store selling fresh fruit that has to go - sorry outback.

So_Cynical · 16 July 2011

noirua said:
Great results but Australia are a Fourth World Country when it comes to storage facilities. If prices are low it has to be sold and thats no better than an outback store selling fresh fruit that has to go - sorry outback.

Big Picture

I hold HDF & BPT stock and noticed after the Beach announcement that the HDF SP went up a couple of cents and held that level during the carnage of late last week...HDF own a Cooper Basin gas pipeline running south to Adelaide and east to the QLD coast, connecting to the new LNG facility's being built there.

Facility's to sell and store the gas are coming, the Gas and the pipeline to move it are already there and some market participants have been able to join the dots and see what's coming.

Tysonboss1 · 16 July 2011

noirua said:
Great results but Australia are a Fourth World Country when it comes to storage facilities. If prices are low it has to be sold and thats no better than an outback store selling fresh fruit that has to go - sorry outback.

The is heaps of storage in the east coast pipeline system and more under construction as we speak, and the whole system is internected as well so potential customers can be just about anywherre from adelaide, melbourne, hobart, brisbane to gladstone and everywhere in between.

Not to mention the various lng projects which will create a seafaring trade and allow us to hit international customers.

And if carbon tax becomes a reality, you will see a boom in the number of gas generation units everywhere.

disclaimer - I exited BPT at $1.05, and entered some gas infrastructure companies.

noirua · 29 July 2011

Tysonboss1 said:
The is heaps of storage in the east coast pipeline system and more under construction as we speak, and the whole system is internected as well so potential customers can be just about anywherre from adelaide, melbourne, hobart, brisbane to gladstone and everywhere in between.

Not to mention the various lng projects which will create a seafaring trade and allow us to hit international customers.

And if carbon tax becomes a reality, you will see a boom in the number of gas generation units everywhere.

disclaimer - I exited BPT at $1.05, and entered some gas infrastructure companies.

Ahhh yes, but little on the south coast and not any underground storage anywhere. This article gives a clue on the need for build up: http://www.adelaideenergy.com.au/media/OilGas-Review-Nov10.pdf

Infrastructure companies are ones to research as well as those that combine exploration, production and infrastructure - carefully monitor I would say.

notting · 10 August 2011

Massive volume buy on this mornings announcement.
I like shorting this one.
Perhaps not now.

So_Cynical · 10 August 2011

notting said:
Massive volume buy on this mornings announcement.
I like shorting this one.
Perhaps not now.

http://bpt.irmau.com/IRM/Company/Sh...-44570125/2TCFRESOURCEBOOKINGFORSHALEGASWELLS

linked Beach announcement said:
Beach Energy Ltd (ASX: BPT, “Beach”) has completed its internal assessment of the resource potential of the Holdfast-1 and Encounter-1 vertical shale gas wells with the booking of an initial gross contingent resource of 2 trillion cubic feet (“TCF”) of shale gas.

2 TCF is a lot of Gas for starters...with potential to grow substantially.

Same ann said:
This resource booking equates to in excess of 330 million barrels of oil equivalent, or approximately 5 times Beach’s 30 June 2010 reserves figure.

oldblue · 11 August 2011

It is still a contingent resource, the definition of which includes the phrase:

".....but which are not currently considered to be commercially recoverable, due to one or more contingencies."

So_Cynical · 11 August 2011

oldblue said:
It is still a contingent resource, the definition of which includes the phrase:

".....but which are not currently considered to be commercially recoverable, due to one or more contingencies."

How do you ever make any money being so negative....:dunno: Australia's first shale gas so of course there's some disclaimers.

noirua · 14 August 2011

Re: BPT - Beach Energy

Beach Energy that includes the old Claremont Petroleum were born out of the mining debacle of 1987, or perhaps born again is fairer.
I don't expect the company to trade for a great deal longer than it takes to fully prove out their shale gas and oil fields. Should I be wrong, as often before, then perhaps they have eyes on ICN, enemy come friend, or again I may wait for ever on this. Top of monitor I would say.

Not Rene · 1 September 2011

Finally Beach shares have got some momentum. Maybe I will be able to buy that townhouse afterall

notting · 1 September 2011

Bit of resistance there at 1.10.
I wouldn't call it momentum till that's passed with conviction.
I should have shorted them today too!
Could be a cracker if their up in the morning.
Note long wick!

Not Rene · 9 September 2011

Comsec analysts gav these a $1.20 price target which they have got to pretty quick!
Have they done their dash do you think or is there some more juice in the tank?

notting · 16 September 2011

Appeared to have orgasm this morning after a long run up against the broader market run down.
Now is deflating as the market runs up.
Taking a smoke or not so happy after a good look in the mirror??

So_Cynical · 16 September 2011

notting said:
Bit of resistance there at 1.10.
I wouldn't call it momentum till that's passed with conviction.
I should have shorted them today too!
Could be a cracker if their up in the morning.
Note long wick!

notting said:
Appeared to have orgasm this morning after a long run up against the broader market run down.
Now is deflating as the market runs up.
Taking a smoke or not so happy after a good look in the mirror??

Something personal going on here notting?

BPT hitting and maintaining new post GFC highs, a 38 month high this week is hardly a sign of weakness or a high probability potential short...shale is a game changer for Beach.
~

Not Rene · 16 November 2011

Does anyone have any opinions on Beach's hostile takeover of ADE?
Beach reached $1.335 on Monday which was half a cent from my sell price :-/

notting · 16 November 2011

Not Rene said:
Does anyone have any opinions on Beach's hostile takeover of ADE?
Beach reached $1.335 on Monday which was half a cent from my sell price :-/

Well the market has been very happy with it and so have analysts. That pretty much says it all. Normally take overs send the predator south for a while this has done the opposite. I personally think beach is overpriced but it's trending north at present.

BPT - Beach Energy

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