The SI's that bought in on the CR @ 12c are peeling out as they will be the same guys who will be getting asked to tip in again very soon, however if SM can rattle the tin towards banks or an operator to take over the drilling commitments then we will see a movement north as the SI's will tip back in on market if they think it has legs.
SM needs a plan in place and a few ducks lined up and we will be away, he has mentioned a good few times we have a monster & related the individual streams to the North West Shelf, if it is a monster he knows Woodside will be on his tail, they need all the gas they can get, and are not afraid to pay for it. SM wants to moneterise this beast in a couple of years, not 5 to 10.
Todays news puts one more duck in a row.
Ann: Mukuyu Gas Discovery, page-423
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