got the extension, page-6

Cinco is more challenging, expensive rig required.
Gas is needed long term for Phillipines.
It is a needed commodity and appears present supply is in decline.
Costs to drill are higher. You can access info from previous announcements from Otto last year. More of a over pressure gas target with some oil likely.

Hawkeye is cheaper to drill. More rigs available and a similiar set up to get the product " Oil" to market .

Mostly oil targett with a simply hookup to a FPSO. ship as similiar to current Galoc.

So Hawkeye is a easier first up to get oil to market. More profitable in the short term in the likely success scenario.

As always it seems to apply to Otto .
Its not the fundamentals that drive the price.
It is the perception of the fundamentals and we appear to have poor perception of Otto's fundamentals and the blue sky potential later this year.
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