NSE are too small and I would be dissappointed if we did something with them. I would expect OBL to get a similar partner as what NSE and BRU have. OBL have announced that they have been been talking to large corporates. We are patiently waiting and letting OBL get the job done and see what they can deliver. Rome was not built in a day.
It's just a matter of who and when. I am confident the large corporates will want a piece of the action before the next drill. You would expect their main focus is the Derby block, especially now that the Native Title issues have moved onto the next phase. It is the only premium piece of land grab available to the major corporates in the Canning. The value of that land keeps going up at little cost to OBL.
OBL Price at posting:
3.5¢ Sentiment: ST Buy Disclosure: Held
