So, OSH goes and spends $0.5 Billion AUD in CASH to purchase 25.5% and 37.5% stakes in these North Slope assets. Important to note their timeline for the Nanushuk development. Production aimed for 2023-2024. Gives you an idea of how long it's going to take even a $10bn Mcap company like OSH to get this sort of field into production.
There's good reason OSH purchased these stakes where they did and not target cheap acreage further south/east towards 88E or, for that matter, just take over 88E. This acquisition doesn't have any positive bearing on 88E. Just proves the majors are looking elsewhere. IMO.
So, OSH goes and spends $0.5 Billion AUD in CASH to purchase...
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