Sovereign risk is part of any exploration decision, Australia or anywhere. Not surprisingly, Australia is currently not a favoured destination. It is also a conscious decision to explore offshore or onshore. Offshore - more expensive but normally more abundant, high quality 3D seismic and surface rights are not a problem. Onshore - cheaper to drill/develop but pesky locals and protesters especially in the Amazon jungle.
GLV Price at posting:
1.7¢ Sentiment: None Disclosure: Not Held
