love a good broker report, page-2

They've obviously missed out on the revised resource annc'd yesterday, nxt doors in the Browse by WPL. Slide#30 says it all.

FWIW's Torosa now has 15.5 tcf gas + 417 mmboe condensate.
This is up from 13.3tcf + 360 mmbbls-P50 (best contingent resource on a 100% basis). WPL's share is apprx 50%.

So, should the other JV partners or a Chinese entity want a 10-23% stake for say $1-1.8b then watch the analysts crunch a new 'realistic' number for Posiedon. Bet the 'Tusker' will b the first in the fastest finger round.

As for Brz, the 'Dolphin's' been booked frm May, so one could expect an update on a farmout for the first 3 well till that period, unless there's some delay of sorts at the Carnivale.