Some form of dilution was on the cards to progress Paloma as this is turning into a large project from what was shown in the GOC presentation. Maybe any farm down of Paloma can now be stalled or done at a reduced percentage.
Personally I would rather see any farm down done on the basis of bringing to the table technical expertise in CA shale such as may be provided by Oxy,Veneco or Aera and the like.
NEN Price at posting:
34.0¢ Sentiment: LT Buy Disclosure: Held