good news re: galoc, & answer galoc questions, page-10

re: good news galoc, & answer galoc questions Team Oil are UK based industry consultants . My read is that Team have hooked a 'big fish' who's identity cant be revealed at present.
Cape Oil injected themselves into the Galoc process by promising to get equity funding and/or a Oz major to farm-in to Galoc.
I expect Cape may have a small role (%) to play with whatever funding they may have found onshore.
Team will likely manage the operatorship for NDO.

Who's that big fish then ?? Possibly not even an industry player ??

From Team website:
Financing

Team Oil aims to bring financing to back up our technological investment in projects. We see our involvement in projects as key to the growth of the group and we have built up some strong relationships with high capability companies to help us perform efficiently and to a high standard. Our aim is to provide world class technical capabilities backed up by investment in development projects where appropriate and to be more efficient than conventional oil companies. In this way Team Oil can reduce the cost of upstream investment and technology for our host country and can operate more marginal oilfield projects efficiently.


Now the above is 'the kindest' possible 'spin' I can put on the ann.
Personally dissappointed the farminee was not who I expected.
Short-term the market will not like it much imo.

SALTY