Ann: Derby Block (EP 487) Update, page-16

Neil is a very smart cookie for sure with deal making talent and aggressive single minded drive .

They may also have lucked out with the reschedule of the work program for Derby positioning them in a more favourable part of the resource cycle and with respect to Buru's drilling .

Remember Oil Basin's have an option for a participating interest in an LNG plant - though it looks like the seas will be awash with it by then .

The latest Derby announcement reminds me that Oil Basin's have demonstrated the ability to execute cheap drills .

What was not covered in the announcement in the work program was subsequent hydraulic stimulation of the wells .

Don't forget about the Backreef area either .

OBL is looking pretty darned reasonable for the long term . What stops me topping up is that Buru are falling to bargain territory too and have an imminent drilling program .