bhp farms into wa389, page-3

Well folks, yet another successful large O&G player valuing our acreage.

So they are paying full cost (expensive) for 40%, vs us holding 35%. Anyone know what this well is likely to cost?

Suddenly Banumbu looks very exciting on a risked basis. Was never too rapt that Petrobras paid so much to participate in that last overhyped drill, but this is different. BHP know the area.

Getting another NWSJV partner in is good too, as the NWSJV looks the logical processor for any discovery. Not much point in WPL holding 65% in such a case.

Like the look a lot when both BHP and WPL like something in their backyard so much.

Pity about Maari though.

EL