obl ann, page-6

Cheers yatchy.
I have been having a good read. Wow. I will say that WPL and its J/V partners.. have got a lot to deal with compared to onshore exploration, production and exports.
Originally, the Browse project was going to cost around $10 Billion, that has continued to climb to $25+ billion.

3 different fields, massive above/underwater infrastructure. etc etc. Production aimed for.... tentatively 2018 but who really knows when.

I have listed some of the articles I read to get an idea of what they are facing (plus WPL presentations). That is compared to BRU... who initially is going to lay pipes to the Pilbra. The difference are truly stark. As you said yatchy, BRU has at least what Browse does (IMO much much more), but with less costs. Years less to production, less political issues, environmental issues.. etc. James point issue is very prominent, but I get the feeling that the W.A government is going to push it through no matter what. Which in the long run, means ++ for BRU.
It does all seem quite logical that the majors will want what BRU has, simply because, its cheap, its being proven up as we speak and did I mention, its cheap?

Kind of reminds me of BPT situation.

Good luck to all holders.



http://www.projectconnect.com.au/Project_Details.asp?PID=372

http://handsoffcountry.blogspot.com.au/2012/05/thumbs-up-for-woodside-after-browse.html

http://www.theaustralian.com.au/business/mining-energy/doubts-grow-over-40bn-woodside-project/story-e6frg9df-1226323258985

http://gastoday.com.au/news/browsing_gas_fields/001440/#