"I asked Geoff Albers (from Octanex)why they didn't pick up WA 460P. They laughed and asked why they would want to. I replied re the Palta structure extending into that lease. More laughter then assurance that it does not and neither Shell NV or OXX have any idea where the 'seismic' image presented by WHN has come from. Shell are spending between $60 and $80m drilling Palta, do you really think they wouldn't grab an available area if its on structure, covered by their seismic and included in a forthcoming well?
Where did WHN get their 'seismic'? They haven't run it, its not Shell's? ASIC and ASX should be hammering these guys imo. "
might have to redo your maths again 34232, and use 13.5tcf :)
but then again that number is whns aswell.
OXX Price at posting:
17.0¢ Sentiment: None Disclosure: Held