2017, page-33

I meant to comment upon your last paragraph in my previous post.

I feel that it should be remembered that regarding the Elkedra-7 prospect,BKP have 75% of the area as opposed to holding only 25% of the remainder of EP128.

Also,when Elkedra-7 was drilled,there were oil shows from the cuttings/core samples in that well.

Plus,I would think that BKP would be up for at least 25% of the drill costs in EP128 as against being in a position whereby they could/should be able to offset a reduced share of Elkedra in return for a free carry?????

There are so many "balls in the air" at this point in time, that few eventualities would surprise me, regarding a drilling program,(or lack thereof),this calendar year!!

The scarcity of suitable exploration rigs,plus experienced drill crews and support personnel in the O&G industry,in Australia, especially at this particular time,would support the concept of Statoil importing their own Rigs and operators,and then of course it would be many,many months until all of that equipment was certified as being operable under and complying with,Australian laws and regulations..

Personally,I would be very,very surprised at the commencement of any drilling programme this calendar year in any of the BKP/PFC tenements..

Unfortunately,I have the impression that PFC could not even organise a night of revelry in a house of ill repute...

Be that as it may,it will all be revealed,ultimately,and the hydrocarbons will still be there when,eventually, the drill bit spuds....