"The medium-term outlook for international oil & gas prices remains subdued. Under this outlook, the economic value of explorationremains limited as illustrated by a number of major oil & gas groups exiting projects in Australia including BP plc’s activities in theGreat Australian Bight, Chevron Corporation’s Nappamerri trough and Total S.A.’s decision not to proceed with its farmin intoCentral’s Southern Georgina acreage".
Straight from the horses mouth, lol.
CTP company development / capital management, page-31
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