BEACH PETROLEUM - BPT

[shasta]

BPT - Special 2c Fully Franked Dividend

http://www.stocknessmonster.com/news...E=ASX&N=173064

Well there's $A21m of the cash balance* gone

* Per Quarterly $A136m

Edit: With the SP languishing under $1, i'll be taking the DRP not the cash

[shasta]

Big news day for BPT - hopefully the SP will reflect all this!

http://www.stocknessmonster.com/news...E=ASX&N=453721

BPT & COE drilling programme in PEL 92 (already got 2 oil discoveries)

[shasta]

BPT - Farm into PEL 218 with ADE

http://www.stocknessmonster.com/news...E=ASX&N=173066

The BPT news reel continues...

[shasta]

Got a very swift response from the BPT Investor Relations team

The response was also forward to someone else within BPT!

To sum up:

Basically happy to play a supporting role & will await & see how the Geothermal technology pans out before making any further investment.

I guess that's prudent given the largely unknown/unproven technology involved.

They were also happy to receive some positive feedback!

Macduffy - you haven't been taking them to task have you?

[macduffy]

Got a very swift response from the BPT Investor Relations team

To sum up:

Basically happy to play a supporting role & will await & see how the Geothermal technology pans out before making any further investment.

I guess that's prudent given the largely unknown/unproven technology involved.

They were also happy to receive some positive feedback!

Macduffy - you haven't been taking them to task have you?

Taught them everything they know.

Yeah, right.

[shasta]

Taught them everything they know.

Yeah, right.

Whilst i'm in between contracts & have some spare time, i'll do some more research into Geothermal energy.

Ive already identified 3 companies dedicated to it

[macduffy]

Here's a piece on the Australian Geothermal Reporting Code.

Close similarities to that for oil and gas?



http://www.pir.sa.gov.au/geothermal/...reporting_code

[tricha]

Hmm, divergence or to many people sitting at the station, watching the ship sail past. ( or watching their T\A screens)

Hmm, suspect u were sitting at the port, watching the train sail past.

[shasta]

Hmm, suspect u were sitting at the port, watching the train sail past.

BPT - Sale of all AOE shares

http://www.stocknessmonster.com/news...E=ASX&N=173126

Another ~$45m to the cash pile. (Being the remaining shares sold)

End of Quarter $136m + 45m

[tricha]

BPT - Sale of all AOE shares

http://www.stocknessmonster.com/news...E=ASX&N=173126

Another ~$45m to the cash pile. (Being the remaining shares sold)

End of Quarter $136m + 45m

That would nearly be enough to buy COE