Ann: Derby Block Update & Backreef Oil, page-12

"and OBL farms out then REY might end up as operator because of obl's dilution."

You can be a minority partner and still be the operator.

"The estimated gas is huge and potentially extremely valuable."


Yes I agree, contrary to the disaffected cadre's pathetic enough of the legal stuff,we are playing for circa 16 trillion ft of gas.

a lazy $90 million dollars worth .


http://www.haaretz.com/print-editio...al-gas-reserve-said-worth-90-billion-1.334143

"In any event, 2015 will just see seismic done and a process of approvals"

I dont see it that way at all,theres a definite possibility of two wells been drilled,for some "quick" Tapas oil.


Raider