prime position surrounded by majors

After doing a bit of researchon our PEL 570 lease i have managed to find out who owns the leases right next door to us.

On one side we have SXY (514) and on the other side ACER (101) (Now DLS as they took over ACER). Then surrounding the 3 of us is STO and BPT who have been experiencing very good drilling results and who own a massive number of production leases in the same area.

So one would think a farm in partner could be anyone one of these companies mentioned above who already have leases in the imediate area.

Share price has been holding up very well and look forward to hearing what direction the company takes when selecting a farmin partner to further explore the potential 20 TCF of gas on our lease.

Link below shows where our leases are. Look for PEL 570 AQO, PEL 514 SXY and PEL 101 DLS, AND ALL THAT LIGHT BROWN LOOKS TO BE STO/BPT production leases.

http://www.misa.net.au/__data/assets/pdf_file/0004/27193/203542_003.pdf

http://www.santos.com/Content.aspx?p=188