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BPT - BEACH ENERGY LIMITED


blackbook

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IN REPLY TO A POST BY blackbook, Mon 12/01/04 06:27pm   [READ POST]

Does anyone here think this stock is worth a long term hold? From my understanding they only have a few years worth of oil reserves but are pretty good at finding small reserves to continue their operations. PE should be around 5 imo.

My research says a good stock for atleast 2 years out at the moment . We await more info due out in the 1/4Jan04 which could surprise . The big scheme is yet to be revealed ? So if your L?T is more than 2 years , seriously review all the time , don't drop it into the bottom draw ......hope this helps abit .

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  • 4 weeks later...
http://www.asxboard.com/html/emoticons/rolleyes.gif the brains trust gets back from holidays monday . Things may move on from that point in an orderly fashion . Expect drilling to be organized . The big picture can soon be finalised , and surprise us all , what 04 will mean ? http://www.asxboard.com/html/emoticons/lmaosmiley.gif
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  • 4 weeks later...
http://www.asxboard.com/html/emoticons/lmaosmiley.gif exciting negotiation(s) with big player , about to transform mood here . Just when one thinks that will be the final deal..........then another .........and another . So thats what they have been doing all this time . Pays to do research very closely . Best wishes to all on the beach. http://www.asxboard.com/html/emoticons/rolleyes.gif
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Guest superann
I've held this share for years waiting for it to do something......still waiting...waiting...waiting....its not going anywhere unless they have a big find.....and thats overdue...although they did start paying a small divvy last year.......
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  • 2 weeks later...

Beach Petroleum Ltd wishes to advise that its wholly owned subsidiary, Beach Oil and

Gas Pty Limited, has reached agreement with Stuart Petroleum Ltd to earn a 33.33%

interest in a new block to be created within the PEL 113 area, to be called the Saintly

Block. In order to earn this interest, Beach will contribute to the cost of drilling, and if

necessary, completion of the Saintly-1 Well, due to spud tomorrow.

 

 

Tomorrow?!?

Nice little out-of-left-field announcement. Just when I was about to give up on 'em!

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http://www.sharescene.com/html/emoticons/graduated.gif Hear that there is another surprise well coming with STU ???? The name of the well is Harpoono-1 , which is a rename of the Hyperno-1 well due to name conflict with a previous well in the days of history.... Not sure , but could be early june04 .

 

Maybe Beach are getting offfff their azz......! http://www.sharescene.com/html/emoticons/lmaosmiley.gif

 

Shareholders and the whole ASX market have lost confidence in Beach [bPT] directors as to corporate strategy and exploration direction .

 

Fancy http://www.sharescene.com/html/emoticons/thumbdown.gif having a share price of 29c , down to where it was a year ago , in a current time of high record production and oil prices . Oil price currently above AUD$45 bblo.

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