Would OBL like 75% and operatorship if they had the funds?
The answer is yes to both.
Eventhough BRU is a 100 pound gorilla the OBL announcement recognises OBL as operator by DMP and have a responsibility to commence a program. The OBL announcement is great because if OBL does not commence a program the block could be at risk to be taken away from everyone. This is significant. As per Fortescue statements they do not want little companies sitting on large oil and gas assets and should be stripped of assets as they take too long to get it happenning and there is an energy crisis in WA.
The fact that OBL mention BRU in the last announcement as a potential partner indicates that all parties want it sorted. It might be a smart move for all parties to compromise.
Ps wasn't it great to see a director buy 3 million shares on market.
It is a shame the great announcement came out on a Friday arvo and a director buying after close.
Let's see what Monday brings. There is light at end of the tunnel. Therefore, we will see an increase in share price.
OBL Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
