So, OSH goes and spends $0.5 Billion AUD in CASH to purchase 25.5% and 37.5% stakes in these North Slope assets. Important to note their timeline for the Nanushuk development. Production aimed for 2023-2024. Gives you an idea of how long it's going to take even a $10bn Mcap company like OSH to get this sort of field into production.
There's good reason OSH purchased these stakes where they did and not target cheap acreage further south/east towards 88E or, for that matter, just take over 88E. This acquisition doesn't have any positive bearing on 88E. Just proves the majors are looking elsewhere. IMO.
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