SBA is a serious piece of ground being piped up (3rd party) to...

SBA is a serious piece of ground being piped up (3rd party) to serve the gas starved ARUN LNG plant.

MEO had an offshore miss in this region last year, SBA is onshore, drill pads are all but ready, oil shows already from hand drills, oil targets plus gas.

OXX will be picking up PKO assets for peanuts, GA has already tipped in ?5?mil, think he owns 40% PKO already, something like that. IE: PKO is GA.

16% Cadloa via VenturOil alone has NPV ~22mil off the top of my head.

Bring on the merger, think they're targeting first SBA oil 1Q 2014.