Other things to like is that With the KSA (Kingdon of Saudi...

Other things to like is that

With the KSA (Kingdon of Saudi Arabia) wanting to sell 5% of it's national petroleum company at the end of the year; We can expect good prices for the oil produced now. As they steer OPEC into constrained oil production to make the IPO more valuable. KSA wants oil prices to be $USD82 which is their break even for the country and is making deals with Russia to make it happen. Oil is at $US70ish now.

With the RBA keeping interest rates down and the US Fed bringing interest up, its possible that the AUDvsUSD will suffer. As OEL and BYE sell oil in USD this is a good hedge for a falling Australian dollar.

With oil production next to the US and it's refineries, transport costs are low. More importantly there is less chance of a "terrorist" attack on the transport mechanism. Giving shareholders a security premium. In the event of military action in the middle east or the expanding Russian border, share holder value should be protected. Indeed in such an event, this security premium may make the shares more attractive.

The time and location for this project seem to be very good.