apache buy into vic/p45, page-2

I agree. Moby has interests (with Exoil) in several great permits, but the cost of drilling them is huge. Each of those wells could cost up to $20M US, so Apache must be pretty happy with the prospect.

Moby and Exoil also have interests in Vic P53 in Bass Strait surrounded by the oil fields, and in Vic P61 in the Otway Basin adjacent to the large gas fields there.

The Apache farmin enhances these companies prospects dramatically.

I am a shareholder in Moby and Exoil