50 per cent reduction in approval times

Could this be good for BOW

http://www.news.com.au/business/story/0,27753,25564371-31037,00.html

APPEA's chief Executive, Belinda Robinson, said the regulatory burden on Australia's oil and gas industry had a "paralysing effect", particularly on small to mid-size explorers and producers.

Ms Robinson described a 50 per cent reduction in approval times for projects as a "reasonable objective".

"An across the board one year reduction in total approval time for major projects could generate future national income gains in the billions of dollars each year," she said.