Hi Folks,This appears a forgotten/ignored somewhat unexciting...

Hi Folks,

This appears a forgotten/ignored somewhat unexciting oiler worth a revisit.

Not in the fast lane, PE around 7, steady long life production in a high poo environment, low costs, modest govt take. Modest divi payout with divi yield of 6%. Some geopolitical risk.

Potential to get substantial prdn boost if achieve a technical breakthough, gas prdn probable, both oil and gas exploration coming up. Appear to have the right people/skills - perhaps just requiring more patience and persistence.

Appear to have the cash, cashflow, people, skills and nous to aquire appropriate new projects.

Contrary views welcome. I have reaccumulated a significant stake after a premature smaller entry 2 years ago, so could be wrong again. Not likely to take my stake much higher.

EL