in petrobtras i trust, page-7

As per their recent qtrly, MGN will pay A$85 mil on or b4 25th Dec 2010 to STO for Evans Shoals acq. (refer page-5 of their qtrly release below).

http://www.asx.com.au/asxpdf/20101115/pdf/31tw478jsw3bss.pdf

Besides that, back in Sept, ConocoPhillips had flagged the sale of its 60% interests in Barossa-Caldita fields (~3.4 Tcf resource) in the Timor Sea. Interesting dynamics at play in that part of the world.

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Meanwhile at A#1, they should have gotten past the top hole & set the 20" casing, b4 heading into the 17.5" section of the well. Look fwd to the mkt update later. The real action begins in the 12.25" section (b4 which, they should have pressure tested the BOP's). Surely the operator knows how to drill a well (in ultra deep provinces in its own backyard) or in sub-500m water depth in the NW Shelf.

Jansz wasn't flow tested until J#3 by DM's old mob, but its the largest find in Oz till date. MDT pressure data & gas sample chamber results were enough to prove that they had a big'un on their hands after the first 2 wells & the 3rd flowed a ripper 51 mmcfd. That's history 1-0-1.

Fingers crossed for A#1, enough has been done on DHI calibration frm Perseus wells & Zeus to filter out the DHI's, 3-4 weeks more b4 all is revealed.

Patience moles.