re: shell If erinne's post is accurate (and I have no reason to believe otherwise - and say well done to erinne for making the call!) then this again supports the probable approach of this large global company. If there is doubt then walk - unless there is considerable justification for not. It is also showing the conservative nature of Shell by them taking sooo much time analysing the data.
I keep remembering that Shell has other massive projects it is more focussed on...example 25% of Gorgon in WA(value of $50Billion = Shell's portion $12B!!). This project is due for FID any day!! Compare this to a $65 million FAR well where they have to man up, build infrastructure and risk not finding anything!
There is a good chance that the CSEM survey could be the best birthday present a company the size of FAR could hope for.
As far as Woodside goes, I say they will not be in the mix...they have said their focus is on LNG, in Australia, they're flat strap with their own projects (Pluto, NWS and Browse) and have previously pulled away from Africa.
Very interesting times ahead
re: shell, page-30
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