just dont get it, page-6

Given that bharat petroleum paid $10 million to farm into nwe,the numbers that OBL has to offer, suggests an imbalance of monumental proportions between us and them,more importantly the oil looks a given for us.
Perhaps the equaliser is EP/413 is closer to a market,but after 4 years thus far,they've got bupkis in regards to a return.
Thats what we need as a cornerstone investor,patients and a big wad of cash.
We all know oxx will flog their 25 percent probably to bru,so I firmly believe they (bru)will farm into our permit now.
The probable sticking point is who will be the operator.

Tyranny of distance can be a killer,but we do have an option,we can export ,were not that far away in real terms from an export port,hence my thought bubble about a "foriegn partner as a possibility.

I suppose we shouldn't forget Vitol

Vitol says Shell buy a stepping stone to resources revenue

"There's a lot of developments going on in Australia with resources with the LNG projects and we want to make sure we are supplying all the fuel that is required for the new mining projects, that is the sort of thing we will be chasing hard.

Read more: http://www.smh.com.au/business/mining-and-resources/vitol-says-shell-buy-a-stepping-stone-to-resources-revenue-20140221-336lg.html#ixzz2x4BXS6wa


Raider