re: Ann: Service Contract 55, Philippines - R... Below article would indicate BHP's farm in amount, I am not sure if I have seen that noted anywhere so far!
Manila grants SC55 extension
The Philippine Department of Energy has granted NorAsian Energy an extension to the SC 55 permit area and approval to revise the exploration programme.
Upstream staff 29 April 2010 03:52 GMT
The permit area has been increased by another 880 square kilometres and its work commitment revised to include the drilling of one well each by August 2012 and August 2013.
The permit is covered by new 3D seismic acquired in a survey earlier this year.
Australia?s resource giant BHP Billiton has agreed to fund a 3D survey in exchange for a farm-in option for a 60% stake in SC55.
The offshore permit includes the Marantao prospect, which holds 3.3 trillion cubic feet of gas and over 1 billion barrels of oil resources in place.
NorAsian Energy is a wholly owned subsidiary of Australia-listed Otto Energy.
Published: 29 April 2010 03:52 GMT | Last updated: 29 April 2010 03:52 GMT
http://www.upstreamonline.com/live/article213335.ece?WT.mc_id=rechargenews_rss
re: Ann: Service Contract 55, Philippines - R... Below article...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add OEL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $9.43K | 785.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 10376750 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 11422192 | 21 |
View Market Depth
| Last trade - 11.53am 27/06/2024 (20 minute delay) ? |
| OEL (ASX) Chart |