I still maintain with only 56% to play with, WDS will go it...

I still maintain with only 56% to play with, WDS will go it alone. Another major will be involved if some or all of PCL share is up for grabs too.

I don't want to see the board give up 1/2 our holding just to pay for another drill if need be.

If it came to it, sell 1/2 to a major to put 66% available for WDS and a major to work a deal with. Failing that, all of PCL.

Meg has said Woodside is heading into a time of being a cash cow so funding for them won't be an issue.

For all the potential we possess, the market is pretty much not interested in us at this point.

It has no associated value for WDS stake either. WDS shares could even drop in value on announcement of farmin.


The clock is ticking either way and an announcement is getting closer each day.