They might need some dough for this Indonesian gas find. Looks...

They might need some dough for this Indonesian gas find. Looks like some very good acreage there but it will require development money. As its an Indo company doing the drilling not so much management effort required. Lower overhead expenses. The ARC thing likewise is less pressure on management and staff of AWE because gives a bigger share of operations they are already in and know and are in low sovereign risk areas for the most part. Sovereign risk is a very big one for the oilers-look at what happened to Shell in Sakhalin, Nigeria, BP in Russia, Hardman in Mauretania, it goes on. Not to mention the kleptomaniac taxation in Africa. As midcap oilers go its at the low risk end of the spectrum. Pity I sold mine at 3.57!