Club Mulgoa

Tuesday, August 09, 2011

BPT

Today it has a great announcement regarding its shale gas in Central Australia. Well, the share price moves but does not correspond well with the value of the gas discovered. If another oil company tells the ASX that is has uncovered 300 million barrels of oil equivalent, the share price would have rocketed.

http://www.asx.com.au/asxpdf/20110810/pdf/4209n4hq25mqwr.pdf

And this is only the start of its shale gas exploration. Australia the Saudi Arabia of shale gas?

Watch CTP (huge tenements in the middle of the country where no one wants to go to, possibly the largest of all mining companies in Australia), ICN BKP, OBL, TPT....

0 Comments:

Post a Comment

<< Home