if they only had a rig, page-11

dyiah,

Exactly what I was trying to say.

Reading between the lines the new regime have basically said that they do not want to do the work as the company cannot afford it and "would rather use OPM (Other People's Money)" unquote.

So bearing this in mind , they will not be buying their own rig , manning it and trying to manage it themselves IMO as that is not what they do.

They want farm-outs and JV's with majors who will take that responsibility and limit risk.

One thing they do have heaps of is acreage (not money) so that is the trading pawn that they are using to negotiate deals in one of the last (and most promising it appears) frontiers on mainland Australia.

And when you don't have the money and take this strategy , you have to be patient. Having said that , the new regime set their own time frame by saying 2 years ago that this should happen quicker than QGC time frame outcomes.

Or was that just spin to "calm the madding crowd" as a famous writer once wrote.

The above strategy is in direct contrast to the "old regime" strategy which may have engaged such initiatives and a completely different approach.

In the mean time we all need to "hurry up and wait" as the saying goes.