I recall many moons ago the Katherine drilling programmes-I think Katherine 1or west come up with HC. 200-400BOE? It wasnot considered commercial. The then management went about gobbling up the largesse of CNOOC thru the Galilee JV by drilling holes allover their leases, instead of perhaps doing more investigation on the leads arising from the Katherine drilling programme. Just perhaps they are seeking a JV to re-investigate these
areas.Pure speculation on my part.
EXE Price at posting:
3.0¢ Sentiment: None Disclosure: Held
