Peak still have the Myanmar offshore possible allocation to...

Peak still have the Myanmar offshore possible allocation to come.

If they get that, i reckon they could stay independent of OXX.

Theyre looking at around 90% to Peak 10% local partner. So if they can get through the seismic cost stage and find some good signs, Peak will have ample fat to sell off. ie in a similar way that OXX. Albers himself seems to be a specialist in these arrangements.

Also beyond that id rather have experienced Jeff Steketee knocking on doors and find new leads than a bunch of Kiwis and other staff from OXX who couldnt draw a map of Asia or even name more than 5 Asian countries between them.

Fortunately the 2 foundation directors have huge holding in PKO, so they will make the best choice.
Albers is said to not be too generous with salaries so that shouldnt distort things.