NZ'd as far as how much we pay for Bara depends on whether or...

NZ'd as far as how much we pay for Bara depends on whether or not or by how much the drill exceeded the $25million which we were free carried on. Still no nod from the DOE on the other 10% so we are still only liable for 10% if there was an overun. WL is a big decision and with capex of $250 mil we are looking at $50 mil and no doubt this will blow out and there is still a high degree of risk. No guarantee it will go as smoothly as Galoc phase 2. And if it did go ahead it would be now 18mnths to 2 years away I'd reckon. SC58 is a dead duck IMO and they have a year before another commitment well is due at 63. Something is needed in the short term now and apart from some producing asset purchase can't see much. I do wonder what life, time wise those Talisman lease have left in them. Revisit 54A maybe.? All IMO only