BPT 3.33% $2.48 beach energy limited

Thanks g12m0 I guess my issue with this is that hey had to base...

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    Thanks g12m0 I guess my issue with this is that hey had to base their pre-drill expectation on something which seems to suggest they had valid data points prior to drilling. At the risk of labouring the point my question is what did they base their expectations on if seismic is that unreliable.

    Just seems strange the way they framed it. Having spoken to Brad Lingo once I seem to remember him saying that some of the exploration is best educational guess by basically joining the dots of what you have ie current wells and establishing a possible pattern or direction from that. I think that was PEL 91 Western Flank now known as Bauer I believe.

    Anyhow I'm not going to lose any sleep over it but good discussion point seeing that there is not much happening here on the BPT threads.


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