T-L thats a hard question to answer but ill have a go. AED are...

T-L thats a hard question to answer but ill have a go. AED are still in administration(ref AED thread) they have been given an extension on the permit till 2015 providing they get a doca up.
sinopec hold 60% of the permit now.
Puffin was flowing oil etc but there were some problems with the FSPO operator which led to court action and AED lost.(68mill i think it cost ED)

The first ORRI payment was around 500,000 to nwe for around 2 months of oil production.
more on this can be found in asx annas around 2009 june july from memory.

As for time for this to happen don't hold ya breath,but if sinopec wanted it to go online it could happen quite quickly.

this snippet from the ann 9/09/2009 (nwe web site)

What does this mean for Norwest?
Based on the P50 reserves of 20.93MMbbl
for Puffin AC/L6, and other information
contained in the AED data; and on Norwest’s industry knowledge, Norwest has
conservatively calculated that its 1.25% ORRI
has a NPV at 10% of approximately A$15m.
This is based on oil at US$80/bbl and an
exchange rate of A$1= US$0.90.
Whilst it will be about 18-24 months before Puffin returns to production and provide cash flow, Norwest believes the 1.25% royalty interest remains a valuable asset particularly given the “blue sky” potential of the longer term AC/P22 and AC/L6 leads and prospects,un-risked cumulative volumes of OIIP in excess of 700MMbbl.