re: Ann: OEL: Galoc Phase II Drilling Update ... For those worried about T/O, any firm commercial quantities will come as some comfort regardless if Nido can develop. If the numbers come in as mentioned before by RMA at 40 m barrels then at 22.82 % we can look at anywhere between 4.5 and 9 cents a share for that asset alone.
I didn't get to see the article in the Australian but I believe Phil is still talking first oil early 2014 as mentioned a few times before. Personally , I find that a impossible task but FID is supposed to be agreed this year.
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