In today's Malaysian paper The Star this article appeared...

In today's Malaysian paper The Star this article appeared regarding the possible sale a gas field of 3T by Petronas. The proposed sale of a stake in a gas field offshore Sarawak has attracted the attention of several oil majors, with bids expected in the next few weeks. The sale of a 49% stake in the SK316 gas block is estimated at US$1bil and it has caught the interest of some of the biggest oil and gas (O&G) companies in the world due to the potential cyclical upturn in oil prices. In a statement to Reuters, Petronas said that through its subsidiary, Petronas Carigali Sdn Bhd, it is looking for partners who can bring the technology and capabilities to explore, develop and efficiently operate the various fields and opportunities in the offshore gas block.

Read more at http://www.thestar.com.my/business/...ajors-eye-petronas-stake/#u6br4GIvgVjzFCOU.99

Whilst Petronas is pitching to companies such as Shell, PTTEP, and ExxonMobil, it just goes to show there are quality cashed-up buyers out there for 3T plus of gas.

If Petronas can offer to unload 49% of it's 3T field for US$1bil, so can OXX for it's 3T Ascalon field.

Get on the phone Geoff, you are holding the cards. The majors are all planning for 5+ years hence NOW with their gas strategies for the future.