looking ahead

Things are looking up, plenty of gas and no CSG like problems in the Cooper basin. Here are two announcement from last year that might give an indication of what BPT are aiming for.

The first one is an MOU with General Atomics dated 11/3/10.

http://www.beachenergy.com.au/IRM/Company/ShowPage.aspx/PDFs/2158-65171712/BPTandGenAtomicstoexaminebiofuelsandbiooils

If implemented this CO2 capture would keep the carbon tax down and also generate an income stream from the biofuels.

The second one is to produce LNG with ITOCHU dated 25/11/10.

http://www.beachenergy.com.au/IRM/Company/ShowPage.aspx/PDFs/2268-33311442/StrategicalliancewithITOCHUCorporation

So apart from selling conventional gas BPT have already been thinking of what to do with the CO2 that is part of the Cooper shale gas and to set up a LNG plant to supply overseas markets. 2015 seems to be the possible startup for all the projects.

And it looks like BPT and ICN have just settled the ATP 855 dispute with BPT getting 40% and taking over as operator. Good news indeed.

The only hurdle now is to get rid of the rouge fund and the BOT manipulation that has been going on for 3 years now. BPT should be rated on its merits and not controlled by a rouge computer program.

Cheers TF