transocean nets rig work off oz, page-54

Rubes take over operator status at end of these 3 holes

CC... Only 10% of issuedCapital can be raise in the 12 month period...

As discussed so in reality the maximum increase is 22 million shares OR half your suggested dilution.

I trust management when they say the won't raise at these levels and will do asset sales.... Form of dilution perhaps but as explored we now own double in % terms inBrowse of our 2 JV partners ... Not too bad.

As suggested also we were prepared to sell 60% of all South American assets on the BOPSVA...we farmed down only 35% of Brazil and retained all of Peru... A master stroke

So you ponder the what if's.?????

Anyone ponder what a 300-500 million barrel of Oil hole Bilby maybe or whether Proteus intercepts the Montara and potentially ads to the already large resource in Browse...

As for potential LNG Price and markets etc you guys are kidding if you think KAR will not achieve excellent long term prices.....oh and can anyone please remember the millions of barrels of condensate that can come onto the market rapidly... Or is that now forgotten

Stand bye for Bilby update
A Proteus update.... And in my opinion whatever we on sell in Browse will come with a forward contract for the Gas and of course the forgotten condensate....

Gas Hunter don't bother my man.... Just move on.... Read his comment on JPP a while back and remember this thread is cra* and he sold out... Aren't we still lucky he is here!!!