Except ....
GBP owns 14% of Falklands Oil and Gas (FOGL) ... and BHP have just farmed into FOGL's leases (50%) with a commitment to drill 2 wells ... hopefully in 2008. I think we will see the FOGL/BHP connection having more impact on the GBP SP than Woodsides' anticipated well. BTW FOGL's CSEM is very positive ... estimates put OOIP in the bboe's for a number of their drilling prospects offshore Falklands.
