No info on timeframe, but Korobosea is about to be spudded in PNG. OSH has 90% and it is a similar structure to Kimu and only 28km's form the Kimu field.
Success here would enhance Kimu's value and sucess rate.
Korobosea is being drilled to 2182m.
LNG has just purchased the 10% interest in Korobosea (not sure of amount) but this will give an indication of the value of Kimu.
Interestingly I also found LNG are in negotiations for further reservies in PNG for a LNG plant (could it be Kimu?):
The Company continues to progress (i) discussions with third parties for access to existing gas reserves as feedstock for a potential “Stage I” ~1 mtpa LNG plant in PNG and (ii) evaluation of prospective sites for the LNG project, with the preliminary identification of 2 potential sites.
MOS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held