BEACH PETROLEUM - BPT

[tricha]

It's the "Scheme of arrangement" mechanism here that requires the 75% approval. I doubt whether use of the terms "takeover" or "merger" affect that.

Yes, it will be interesting to see if a bidding war erupts. BPT have had recent experience in low-bidding and missing out on their target but one assumes that, as a big player in the area they have a good idea of what ITC is worth.

Does not matter that much macduffy, you need to look at the big picture.

The big picture is big, why no one stole them at the low 60's is beyond me. Anyway I hold heaps and will continue to do so, unless the story changes.

4:21 pmBPT Update on Egypt and Tanzania4:04 pmLetter to Impress Shareholders

83.5
4 5%
6:50 pm

[Phaedrus]

You need to look at the big picture......

But Tricha, it's actually the "big picture" that looks so lousy!
As a long-term investment BPT has been an absolute dog.
I remember when you were buying BPT at $1.30 - $1.45 Tricha, and when you valued it at $4.33! I know you later revised this to $2.37, but I see that UBS now value BPT at 83 cents and wonder what your current valuation is.

[tricha]

But Tricha, it's actually the "big picture" that looks so lousy!
As a long-term investment BPT has been an absolute dog.
I remember when you were buying BPT at $1.30 - $1.45 Tricha, and when you valued it at $4.33! I know you later revised this to $2.37, but I see that UBS now value BPT at 83 cents and wonder what your current valuation is.

Phaedrus what position is the moon tonight

My last valuation I did was, I thought $2.76 and with their Coal Shale Gas exposure, at a guessimate add $1.00 -$2.00 more.
My highest price paid was < .92
By the way how are your picks going in the share comp., was it last or 2nd to last

[upside_umop]

But Tricha, it's actually the "big picture" that looks so lousy!
As a long-term investment BPT has been an absolute dog.
I remember when you were buying BPT at $1.30 - $1.45 Tricha, and when you valued it at $4.33! I know you later revised this to $2.37, but I see that UBS now value BPT at 83 cents and wonder what your current valuation is.

Careful Phaedrus....you might get banned disputing that valuation!

[yogi-in-oz]

Hi folks,

BPT ... will be looking for a strong close to finish the coming week,
as a positive time cycle comes into play, around 23-24122010 .....

have a great day

paul



=====

[tricha]

Hi folks,

BPT ... will be looking for a strong close to finish the coming week,
as a positive time cycle comes into play, around 23-24122010 .....

have a great day

paul



=====

Hi Paul

You got this call right, 2011 should be the year Beach reachs some of it's potential, hopefully they will finish of DLS, fully consolidate the Cooper basin and become the envy of Santos and others.

http://www.stocknessmonster.com/news...E=ASX&N=181223

MULTI.STAGE FRACCING

NOW PLANNED FOR ENCOUNTER-I GAS SATURATED SHALE
INTERVAL
Beach advÍses the following in relation to the Encounter-1 Shale Gas exploration well:

GPOBoxLTS
ADEIAIDE

5A 5æ1

.

The well is cased and suspended for future fracture stimulation;

.

Target shales interpreted to be fully gas saturated; and

.

Roseneath-EpsÍlon-Murteree target section nearly 400m, considerably

prognosed,

[macduffy]

Seems the poor old Beach can't take a trick these days.

Latest news is that the interest in BMG will be written down to a nominal amount in the half year result soon to be announced.

[Rabbi]

Seems the poor old Beach can't take a trick these days.

Latest news is that the interest in BMG will be written down to a nominal amount in the half year result soon to be announced.

Seems to be already factored in to the SP as ROC announced this a while back.

Shale gas is the driver now and a good result at Holdfast should see a significant re-rating of Beach.

[percy]

Seems to be already factored in to the SP as ROC announced this a while back.

Shale gas is the driver now and a good result at Holdfast should see a significant re-rating of Beach.

re-rating appears to be underway.

[tricha]

re-rating appears to be underway.

Yep re-rating was under way, could not resist to buy back in today at opening.

Cheap!