Hi Doc,, I assume that's just a typo, and you mean VIC/53.Given...

Hi Doc,,
I assume that's just a typo, and you mean VIC/53.

Given this ecconomic climate, and the current POO,,I doubt that the market would consider any off-shore drilling to be a positive move, in the risk to reward department..!

There is some good oil fields surrounding VIC/53, and the Bazzard annomoly, but the evidence so far suggests that, they have the oil, and STU has the place where it migrated from..!
SHG had exactly the same situation, when they drilled the North Sea, a few years back.!

I sold out when they hit water in the first of the last three sub-zones at Bazzard,,, but i still like the company..!

If they scrap " Bazzard-2",,,scrap plans in the high soverign risk Angola, and concentrate on more exploration and development in the Cooper basin, then they will be again on my buy list for sure..!!

Timor Sea " Oliver " is not scheduled until 2010, so not really an issue at this stage for me,,,POO may well be totally different by then..!

Cheers..!!