So they finally crack it - a discovery. Not through any lack of...

So they finally crack it - a discovery. Not through any lack of trying mind you.

Looking for a nice spike here on DST.

Off shore drilling this year for a company maker in Vic/P46. Trouble is that they are will be low on funds for their 25% share. Trying to farm out I'd say on a full carry basis for 12.5% holding. May find a partner closer to the drill, although getting closse for comfort. May raise again after DST with SP at 6c or so. They'd need about $10m. Don't see them hooking up the onshore well before the drill offshore. If onshore was hooked up and flow of hydrocarbons was sustained, could look at alternate capital sources - banks...yep, this route is a long shot!

On the march though...