From the OEL announcement:
"The Galoc field is expected to continue producing until approximately 2014 to 2018 on the basis of the existing two wells alone."
Well well well hey. How can this be? OEL's No.1 employee Boysy reckons GALOC is going downhill fast and one JV partner (NDO) won't be able to afford Phase 2. Strangely however, Boysy laments that OEL can step into the breach and buy the other JV partners out. Because as we know OEL are rolling in cash aren't they Boysy.
Here's a question for you Boysy, are you associated in any way whatsoever with OEL or any of their employees?
Credibility x 0 I'm afraid.
DYOR
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