Plenty of cash on hand
Finance sorted for Galoc phase 2
Galoc North drilling looks like a given (see OEL interview). Set to double Galoc reserves. This is the type of exploration you want, i.e. close to existing infrastructure.
Redevelopment of Linapacan oil field (100mbo in place). This was shut in during 1996 when the oil price was $20 per barrel. Brent is now $117!
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