downright ugly, page-6

Of course Len, any news from Nido will be a shock to the market (good) that's a given. I think too many people think that they can't do anything instead of thinking of what they could or even can do. The viking MOU for example was totally out of the left field and no one expected that or saw it coming. I doubt it will come to fruition but goes to show there are many possibilities. PB's stategy is quite simple and he has explained it time and time again. Farm out the sc's to get a drilling campaign under way and get near term production and greater cash flow from other fileds. These two points are crucial in giving some reward to the shareholders as like us, he thinks 1.3 billion shares is quite enough.What really has me baffled is his comments about expansion when there is so much to do with current leases. I mean, you don't just wake up one morning and decide your going to take over the world like dr evil. He msut of been thinking about this for some time and have some plan in place. It becomes very interesting when you research his past postions in the industry.
I also liked his language in the last interview in regards to Viking and how they are explaring other avenues. In other words if you don't want it mr viking we are moving on and won't be held to ransom as it were. This is how you want the boss portraying the company and it's assets. et's face it, Viking now only seem to be a bunch of tyre kickers. And I found this interesting.

"We are also in discussions to develop some of our existing discoveries in permit SC 54A (further
southwest of West Linapacan). In this context, Nido 1X-1, which straddles permits SC 54A and SC
14A, has recently assumed greater significance in our portfolio and the SC 14A Joint Venture is now
actively considering options for its re-development from the existing SC 14A infrastructure."

Nido 1x1 was in the original viking mou so Phil is moving on fromthat, no doubt.