BPT

This is one of the most under-rated oil and gas explorers. It has estimated 2 tcf of shale gas in Cooper Basin recently after fraccing (under Bob Brown's nose). 1 tcf of gas is roughly worth USD1 billion. I have been topping up at below 80c. I first bought into this company, a very small parcel at over AUD1.50 per share to indulge in its SPP but that was overpriced (from memory) so I didn't participate.

And very recently in Egypt in the midst of the Arab Spring, it has uncovered oil. How big is this deposit? No idea but the company is 'pleased' and testing its volumes and commerciality.

Yet, the share price has not really moved much over the last few years. It has improved in the last 12 months, but the movement does not correlate well with its discoveries and its status as a major shale gas explorer in Central Australia. This stock will light up as a beacon for US companies looking to grab a share of Aussie shale gas. And they are coming, together with the Brits... and then at snail pace, the Chinese and even more sluggishly, the Indians. BPT has a premium built into its price because it is currently a producer. Watch those piddly ones; what I call calculated gamble stocks. Read my notes from the past...