Ann: Philippines Assets Sold for Cash, Royalties, Back-in Rights, page-21

I guess once the dust settles this will be seen to be a good prudent decision.

$10m aud if PNOC and Blue sky hit 5000 barrels a day.

I guess now though we have to see how quickly they can pivot to drilling and what those prospects look like in the Sacramento basin as I'm guessing they are hoping to more quickly get onshore drilling done and get revenue up to opt back in to a balyena style play off the Phillipines.

Balyena is likely to upset the Chinese as well lol