re: Ann: RAI - 31 December 2012 Interim Finan... As Sid...

re: Ann: RAI - 31 December 2012 Interim Finan... As Sid mentioned, Woodside bought a stake in block AD-7 in Myanmar (aka Burma) a few months ago, for an undisclosed amount.

http://www.theaustralian.com.au/business/mining-energy/woodside-petroleum-invests-in-burma-oil-and-gas-field/story-e6frg9df-1226499621271

I have marked this block on the map in green.
It is right next door to the other blocks that are up for tender in the current bidding round that Raisama has hopefully bid in and, fingers crossed, get one of the blocks awarded to them using the Chinthe Energy partnership:

Here is another map which shows all of the blocks but the map is not very clear:

Also, no one posted anything on the initial news of RAI entering into partnership with Chinthe Energy and looking to enter Myanmar, but there was quite a lot of coverage on it:

Australian energy firm stakes claim in Myanmar
http://www.mizzima.com/business/8942-australian-energy-firm-stakes-claim-in-myanmar.html

Raisama Energy Enters Myanmar Oil, Gas Space
http://www.naturalgasasia.com/raisama-energy-enters-myanmar-oil-gas-space

Burma: Raisama Energy positioned to enter Myanmar
http://www.directorstalk.com/energy-pedia-news-21-feb-2013/

Raisama to enter Burma
http://www.upstreamonline.com/live/article1317535.ece

Another Australian Firm Bids to Join Burma’s Oil and Gas Hunt
http://www.irrawaddy.org/archives/27562

And it goes on and on.


IF RAI has in fact do bid in the current bidding round and IF it gets a block awarded to it, then I would expect a significant re-rate based just on that news.


Also it looks like that apart from Woodside, other international majors will be looking to take a stake in Myanmar:

http://www.energytribune.com/20129/the-giants-are-coming-tentative-western-oil-majors-line-up-for-myanmar-hydrocarbon-glory