So, this is why WDS Chipped out of PEL87 IMO
Announced yday, same day as WDS declined to farm in...All makes sense really. Their interests have changed. I dont think its a reflection on the prospectivity of PEL87 rather a change in risk profile and focus.
*****
Exxon and Woodside in $350m drilling tie-up to avert predicted east coast gas shortfall. The dominant source of gas to Australia's east coast could be handed a lifeline after Exxon and Woodside approved a $350m drilling campaign to deliver new supplies from the Bass Strait.
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