0.015 to fall today tomorrow, page-53

Hi Footy,

I am not concerned with the participation - I am concerned with the actual granting of an onshore block!!

This from a Dow Jones Newswire article reprinted in a magazine called 'rigzone'. Article dated 17th Jan 2013.
Only a small extract from the article.

"Myanmar has invited foreign energy companies to bid for the rights to explore 18 onshore oil and gas blocks, but most Western oil majors are expected to wait until the country's bigger, more lucrative offshore blocks are offered. Bids close 17th March 2013. Bidders will be required to develop the blocks under Production-sharing agreements with a State owned company".

later and further down the article says(note this and listen to 'focused')!:

"Political risk is high and corruption is entrenched".

Article mentions most of the proven reserves are offshore (I remember 25 TCF gas being mentioned) and lots of quotes from a broker saying his clients are only interested in the offshore blocks etc.etc.
Woodside is mentioned as having bought in to an earlier release by the Myanmar Govt.

So, TTE may be kicking the can further down the road on this than any of us realised, given bids had to be in about 6 weeks ago.

As for Manus Island, I don't think that matches the recent:
"Laying landmines, raping, looting and killing of Shan farmers by military personnel" as quoted in one recent article in the last few months.

All of the above is my personal opinion only. DYOR.