Take this as you may since he is still relatively quite removed,...

Take this as you may since he is still relatively quite removed, but Andrew Dimsey (MD of Cott Oil & Gas) was quoted in an article I read today:

"...But the main near-term driver for Cott is the Shell-led Palta-1 offshore exploration well in Western Australia’s Carnarvon Basin.

Believed by some to be a 13.5tcf prospect, part of it runs into Cott’s one-third owned licence WA-460-P, which is operated by Strike Energy.

Dimsey said its stake was essentially a third of 20% of the prospect (6.6%).


He said the well was probably about- 2-3 weeks away from a result, while he hinted there were “a couple of other things” in Cott’s pipeline which will create some interest. "