Pure speculation on my part,but the "new direction " that both oxx and cue are now embarked on in " Lockstep? "suggests a possible solution to the wall you present.
Both are looking for near term production,both on land,both in Australia-Asia.
While its non-binding OBL's MOU with LNG affords the best near term on-land production, ie Shale oil & Gas ,for any discernible oil & gas company looking for a relatively "quick" return on their investment dollars IMHO.
The proximity to Singapore is icing on the cake,or is it the cake?
Very little shipping costs to the Singapore Refineries ,Singapore is a Oil & Gas trading Hub,theres lots to like about the synergy's that EP/487 has to offer.
Personally I wouldn't want to be in any other stock,I dont know management from Adam,but I'm of the view their playing with a straight bat.
Raider
OBL Price at posting:
0.7¢ Sentiment: None Disclosure: Held
