They are marketing it but who in their right mind would touch a project in the current anti-O&G Australian environment. They just need to look at what happened to Woodside and Santos and run for the hills. Both projects have been fully permitted and suddenly the Fed Court throws a massive spanner in the works. Green activists are stopping projects of national importance (and us, the taxpayers are funding the process!) - this is how you destroy the prosperity of the country very quickly. Look at Beehive it's a f..n farce and it was said during the meeting that EOG are getting really frustrated with the lack of progress, it's been 2.5 years since they purchased their first Australian project (and I'm sure they are now regretting it) and it is still being permitted!!! Since f..n Apr-2021! They are keen to drill but the red/green tape is simply suffocating. Aren't we bloody lucky Block-9 is NOT in Australia. So, don't hold your breath on Hudson farmout in the current environment.
This was April 20121...
MAY Price at posting:
6.6¢ Sentiment: Buy Disclosure: Held
