Its still leaves them with options to farm out to cover the drill cost but it also means that we will own a much smaller percentage of the field. It would be much better (inc for NOPTA) to declare a location and let OXX try and get a JV for development. Given the Bayu Undan backfill issues, they may well go for it.
News: OXX Octanex not granted petroleum retention leases for Ascalon gas discovery, page-7
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
