The PALTA well no doubt holds the interest of shell/mitsu.the...

The PALTA well no doubt holds the interest of shell/mitsu.the required extention of 6 months to evaluate prior to applying or taking the prospect further,must be seen as a plus.the question is will they still be working on the well as time is up on 20/8/13 and RD has not been confirmed.have they finished taking samples and line evaluation processes,as the rig is still located above the well.

La Bella which was touted to be a possible end of july agreement has now slipped into the area of uncertainty now.the previous announcements about early offer to JV by 2 organisations [ rejected ] shows that there is a solid intent to take the project further and it goes without saying, the negotiations now being pursued with the 'pre-screened parties' is a continuation of the previous offers[imho].

With the other prospect zones now to be given 3D at year end,will the suiters wait till then to cross the line.the longer we wait i believe that would be the outcome.

The quarterly update did not have much to asses in terms of information save,' in-depth discussions' and ' leading contender '.the previous update had 'near term' timeline but in the BRR interview STEVE was hoping to bring a result in july.

still waiting waiting

WG