Ann: Otto to Farm-out SC55 to BHP Billiton Petrol, page-29

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    re: Ann: Otto to Farm-out SC55 to BHP Billito... opt

    It is a bit disingenuous of you IMO to cast aspersions on the merits of OEL making an announcement about a heads of agreement with BHP.

    BHP has a market cap of about $100b and OEL has a market cap of about $60m. What is immaterial to BHP could be central to OEL's strategy.

    This happens all the time when a junior is working with a major.

    An excellent development and announcement for OEL but one of just another work in progress for BHP.

 
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