a few juicy bits until someone comes up with text
"".....It's one of the most exciting gas discoveries in Australian waters for some time.....
...early estimates suggest... 7 trillion cubic feet of gas... the 3.5 trillion cubic feet of gas Conoco Phillips discovered at Bayu Undan was enough to underpin dvpt of a multi billion dollar LNG project at Darwin.
Two more targets...Kon Tiki & Grace could throw up more than 10 trillion feet if successful.
Initially BG was set to partner with Karoon but a last minute attempt to renegotiate ( by BG) .....prompted Hosking & Karoon to walk away in acrimonious circumstances.....
" Don't let them to to you what they did to Hammersley".
Karoon holds 5 licences ... one that is 5 kilometers from a...550 million barrel discovery (in Brazil)..... a more pressing concern is bringing more drill rigs into the Browse Basin to speed up Poseidon's delineation.
He ( Hosking) wants karoon to stay the path(course) raher than become another exploration success that sold out early in the piece.
I find it amazing we let our resources go so easily. Brazil doesn't let it happen. ""
full page article in todays afr, page-9
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