Good Post Satori, the renewed interest via the Sulu Sea strike can only be positive , especially with Exxon and BHPB directly involved. Two Majors right there with data only they will be privy to giving them a distinct advantage in the area (as do Chevron and SHELL in the NW Palawan).
Nido will benefit as a result by holding the greatest offshore acreage of any company and more importantly has invested in significant seismic data and has plenty of time to run on its work program commitments.
Kairiki are in a similar position , although without and production (yet) and only 1 permit interest.
Tap perhaps will benefit most from Dabakan-1 by virtue of being only 10km away.
Otto appear to have blown their lot in the Pines by 'wheel spinning' for 10 years or so and delivering very little. Interesting that OEL and its forerunner companies once held almost all of the Sulu Sea (incl Dabakan) and Nido/KIKs SC54 prior to losing in the late 1990s for work program defaults.
DYOR
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- good reply from ndo very encouraging
good reply from ndo very encouraging, page-26
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