ukraine - low hanging fruit

Article in todays AFR (p24) regarding Ukraine gas from Bloomberg

The Bloomberg feed article is

http://www.bloomberg.com/news/2012-05-01/freedom-from-gazprom-tempts-ukraine-as-exxon-hunts-shale-energy.html


"...Ukraine plans to auction the rights to as much as 70 percent of production at the Oleska field in the western part of the country and the Yuzivska field in the east by May 23. The areas contain both shale and conventional gas deposits, and the bidders, which also included Eni SpA (ENI) and TNK-BP, each paid between $1.3 million and $1.9 million to apply for the license, according to the government. The state also plans to sell two licenses for gas exploration in the Black Sea and another one inland in the coming weeks. "

"...Up to now most foreign investors have been cautious in embracing Ukraine. The country’s unstable political climate, excessive red tape and high corruption levels have kept foreign business away, Radchenko said. "


Wonder if HOG will participate? (bit rich for us I would think).