In related news, AFR reporting that Woodside looking to buy into the PNG area by acquiring a potential stake in InterOil's Elk and Antelope gas fields. Santos also looking to join in. French giant Total SA has already agreed to purchase a majority stake and Oil Search is displaying interest. I think consolidation in the area is likely which augurs well for smaller players like CMT and KPL who have large footprints in the area.
BDM Price at posting:
13.5¢ Sentiment: LT Buy Disclosure: Held
