Hi all,It would seem that gas is the agender for the drilling of...

Hi all,

It would seem that gas is the agender for the drilling of Sc55 and probably explains why Cinco is the proposed first drilling target and not Hawkeye.

BHP are Loooong players and planners, and if Cinco is a successful gas well, then perhaps the next target may not be Hawkeye at all.

This link pretty much explains what my research has uncovered over the years.

http://www.slideserve.com/lyre/the-philippine-natural-gas-industry-vision-strategy-and-policy

This Link clearly shows a ready market and infrastructure being formed and IF gas is discovered, and there is estimated to be 19 TRILLION Cu/ft in SC55 so far that the 3D has revealed, then it explains why 72% of OEL is so tightly held.

19 Trillion Cu/ft is around 6 times bigger than the Shell Malampaya Field .
See Here
http://www.offshore-technology.com/projects/malampaya/

It may be a slow game, but those who read the above links, and can interpret the potential will know that these shares are cheap, and are well worth holding on to.

The shareholders in the 28% who seem to not value, or can't see the potential, will one day soon realise and see the potential that Oel has to fly Concorde style.

IMO DYOR