gsa is an asset, page-16

no point counting chickens before they hatch but counting eggs can be a lot of fun

prior to recent successes in the cooper and santos' newly stated focus on shale, i was keen on the obvious food chain

ICN > BPT > STO > BG

could still happen but chances of that are smaller now as sto or bg or others may go all out to get 855 if they see the prize might get away

i cant help think that there is an elephant in the room watching very closely this basin and others. BHP has previously stated it does want to enter the shale game at home. they must be wishing they had moved earlier here instead of blowing all those billions in the states "to gain access to experience and technology". i did try to tell them but do you thinkthey wanted to listen?

i have been waiting with baited breath to see exactly which basin they would focus on and now the cooper just got a whole lot more expensive. theres only so many basins, each with maybe one or two sweet spots and only very few patches unaccounted for as yet. even the galilee looks tied up with EXE announcing a strategic placement on monday

hell, if i was BHP i would go out on monday and make offers for AWE, NWE, TTE, STO, BPT, ICN, EXE, and GLL all conditional upon first in first serve.

my preferred scenario for 855 would see ICN turn its back on any offer and insist on progressive farmouts in return for fully funded developments

having said all that i agree anything could happen and i wait with anticipation. only thing we can say for certain is that nothing will definitely not happen.