I note that OEL this morning announced BHP has exercised its rights to farm into SC55 of which BPO have a 5% indirect interest in. I would think BPO will have to make and announcement regarding this soon. Deepwater drilling to occur on block between Aug 2011 and Aug 2012. These wells cost upwards of $100 million each to drill - could be very interesting time.
bhp exercised right for sc55
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