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Ann: Woodside Enters Into Exclusive Option on Namibia PEL 87, page-173

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    We've given up percentage for our share of the 35 million USD for the 3D and 20% of drill costs for the first well. Maybe 50-55 million USD in value.

    This may seem low but I'm guessing that figure is there due to extra risk in signing a contract without having the 3d done.

    Not sure our management have much to do now that WDS is the operator.
 
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