re: Ann: Quarterly Report - 31 December 2012 ...
I really like each release by these guys, always something new with unseen charts/prospect maps..
If Winchester finds gas and thoughts before appraisal are around 1tcf, I would keep an eye out for woodside sending the fishing ships out to the border of WA-7r and our wa-323-p permit looking for other traps/prospects, they already have a retention on wilcox the 300bcf +20mmb and if Woodside could find another >500bcf (2tcf in total for the area) might be enough for train 2, the trunkline runs pretty close, of course it’s all just my ramblings and I’m not sure of the relationship between Santos and Woodside.. but hey deals get done.
Wheatstone is always an option but they seem to have plenty of gas..
The Capex of a pipeline to devils creek/reindeer might prove too much for the domgas option
And I’m going to throw it out there wildly, but I’m thinking the derby transaction/deal was partly a finders/brokering fee for bringing in a certain super major that like’s LNG.. (should Native title and Blackreef go OBL’s way)
OXX Price at posting:
19.0¢ Sentiment: LT Buy Disclosure: Held
