I happen to think it's a brilliant appointment, indeed what...

I happen to think it's a brilliant appointment, indeed what better connections could a company have than a former under secretary to the Dept of Energy of the Philippines.

Corporate consolidation for the long term, I call it. Quite apart from the massive benefits of being a lot closer to the local network of decision makers. Indeed, fair comment and rational opinion on local affairs is now probably a phone call away. The point is, the world over, countries are becoming ever mindful of what natural resources they possess, and save for Australia, most are hatching plans for maximising long term benefits for their people. It has been speculated that the Palawan could have 11.6 billion barrels of oil buried beneath the ocean, which in my view is no small-fry ambition on Nido's part.

For the moment though, let's continue to dwell on the immediacy of Galoc and its cash flow. Getting nearer to 11.6 billion barrels of oil is unimportant