Did some 'homework' trying to get some more information re....

Did some 'homework' trying to get some more information re. prospect at Brunei. Stumbled across Kulczyk Oil who have an interest in both Blocks L and M.
Very interesting, but for me the lesson was that because Block L is very imminent (mid April) and because of the "nearology" mentioned to large oil and gas fields, I thought that AED might be a good short-term punt whilst we wait for TAP's drilling in June'ish timeframe. (AED have 40% of Block L).
Extract from web-site below :-

Brunei
Block M - In September 2009 Kulczyk Oil announced the acquisition of Triton Hydrocarbons Pty Ltd (Triton). Tritons principal asset consists of a 36% interest in a Production Sharing Agreement (the Block M PSA) with Brunei National Petroleum Company Sendirian Berhad (PetroleumBrunei). Under the terms of the Block M PSA, PetroleumBrunei had the right to acquire Tritons interest in the Block M PSA in the event of a change of control of Triton. By letter dated January 20, 2010, PetroleumBrunei notified the Company that, subject to the fulfillment of several conditions, it would not exercise its right to acquire Tritons interest in Block M.
Block M covers a 3,011 square kilometre (approximately 744,000 acre) area onshore in the Sultanate of Brunei Darussalam (Brunei). A 118 square kilometre 3D seismic survey and a 60 line kilometre 2D seismic survey were acquired in Block M during the second half of 2009. The seismic data have now been processed and the Company has started the interpretation of these data. Two appraisal wells will be drilled in 2010 to further evaluate earlier discoveries which were better defined by the recent 3D seismic data. Contract awards have been made for the services required to undertake the drilling program and the first well is expected to commence drilling in the second quarter of 2010.
In an independent engineering report dated September 28, 2009, Netherland, Sewell & Associates Inc (NSAI) provided a best estimate of Block M Contingent Resources of 51 million barrels of oil equivalent (MMBOE) and a best estimate of Block M Prospective Resources of 6.7 MMBOE net to the 36% working interest of Kulczyk Oil. The NSAI report, which was prepared prior to the acquisition of the recent 3D seismic data in Block M, took into account only two of the four known reservoirs in the Belait Field and did not evaluate any of the potential resources outside of the immediate area of the Belait Field.
Block L - Kulczyk Oil, through a wholly-owned subsidiary, holds a 40% interest in a Production Sharing Agreement (the Block L PSA) which gives it the right to explore for and produce oil and gas from Block L, a 2,200 square kilometre (550,000 acre) area covering onshore and offshore areas in the northeast portion of Brunei. The offshore component is in relatively shallow waters and includes an approximate seven kilometre wide strip along the northwest coast and essentially all of Brunei Bay to the east. The giant Seria Field, which has produced in excess of 1 billion barrels of oil, lies approximately 12 kilometres to the southwest of Block L. A significant gas discovery at Bubut, announced recently by Brunei Shell Petroleum, lies less than one kilometre from the edge of Block L in the shallow offshore region.
A 350 square kilometre 3D seismic acquisition program was completed in 2009 and the data have now been processed and interpreted. Two exploration wells will be drilled in 2010 on prospects defined by the 3D seismic data at Lukut and Lempuyang. Major contract awards for the services required for the drilling of these wells have been made with contract execution to be undertaken imminently. The first exploration well is expected to commence drilling late in the first quarter or early in the second quarter of 2010.