Ciggys pointed out some time ago that any mention of our Brazilian assets has vanished from the ANP website. I dont think we even own them and if we do how can we do business with partners that took us to the mediation court. When they got to the mediation court they coudlnt pay the bills so how were they ever going to fund the work committments recquired to hang onto the brazilian blocks? they had to drill a certian amount of holes or spend a certain amount of money in order to keep them and they could not have afforded it. I dont think you should count the brazilian stuff as beign worth anything. Its gone.
And no a packers plus cannot be removed once it has been set. if you go back through the announcements you can see they had to grind out what they could.
brazil is 0, socrates is 0 and we don't hear much about the klick but its probably stuffed as wel.
ABL Price at posting:
0.9¢ Sentiment: Sell Disclosure: Held
