Ann: T/49P JV contracts vessel to acquire 3D seismic, page-4

Yes that would my estimate too, around March next year for the announcement of whether drill or not. Personally there are 2 to 3 areas that are liable to trigger a drill. The fall back are the northern traps in the permit which is why I think Conoco wanted to extended 3D north, I think the drill is on... hoping the first drill is the bigger plays, not the closest to infrastructure... So about $8M for seismic, $30M for well paid by Conoco for 80% in Otway. A fair transaction, and even amazing when you consider Conoco moving out of Australia before deal... They must see large scale promise.

other news this year Gippsland partner most likely BHP given depleting assets in the area.

and Bedout permit 3D seismic ... I am not sure we will go with a partner for that yet. Seemed awhile ago the announcements were trending towards a partner, but lately TDO leaning towards running it alone. I think there is potential for TDO only given seismic mission next door.

why do you hold Sunrise, given your outlook?. I would be selling if I thought like you?
obviously I dont. We are a minnow, to strike a deal we can't push any large company into picking up a stake... we have to develop the asset over time and sell a significant portion.