Ann: Otto Secures Drilling Rig for Leyte Drilling, page-3

re: Ann: Otto Secures Drilling Rig for Leyte ... That timeline is given by otto if they were to drill it themselves. No doubt if BHP came on board and likeled the siesmic they could get a well drilled before the end if this year. Otto are in a postion now where they could potentially farm out a smaller portion of sc 55 if they choose to do so and go it with another partner. BHP should of by now had a good look at their own siesmic so one could realistically expect a decision any time whether it be a farm in or bhp not being interested. Otto are certainly excited about the 3D they have had a look at no doubt the other 1800km of 3d siesmic will help upgrade other prospects to hopefully even larger and higher GPOS than Hawkeye currently has. Otto still seems to be flying under the radar let alone if they actually hit oil onshore now that would put the cat amoungst the pigons. Dont forget the SC 51 farm out we should hear of that soon enough one would think.