Thanks for your reply Blackgold, you seem to always have good information on ARQ. I totally agree with you on why ARQ might consider purchasing a rig.
It is interesting to note that ARQ's annual revenue from Hovea when production reaches target 5000bpd(subject to the oil price), will be greater than PCL's, VPE's and NWE's market caps combined. I am only speculating but it is possible that ARQ may think that they might be able to buy back into Cliffhead later. This however is pure speculation.
Volvo said regarding traffic on the Brand Highway that 10 trucks isn't that much, that's 10 trucks a day there and back. Add in other transport trucks between Perth and Geraldton and the stream of tourist buses and caravans and you've got one pretty busy piece of highway.
On the issue of stability between the Arabs and the US, this is an extract of an article that appeared in the Herald Sun today thought you guys might find it interesting:
Sunday Herald Sun , 18-05-2003 , Ed: 1 - FIRST , Pg: 034 , 443 words , SUNDAY WORLD
A 1000km oil pipeline is likely to be built between Iraq and Israel as part of a United States strategy to transform economic and political power in the Arab world. The pipeline, from Iraq's northern oilfields, would create a massive source of cheap oil...
