Trapia exploration well scheduled to spud in May PRL 11: Oil Search 52.5%, ExxonMobil 47.5% Series of prospects in area with multi-tcf potential 2D seismic programme in 2012/13 to further mature prospects Recent acquisition of adjacent licence, PPL 277, 50:50 with ExxonMobil.
Interestingly they talk in the preso about the gulf area possibly supporting 2 new trains - by my calcs this would bring the total to 5 potential ?!
OSH Price at posting:
$7.43 Sentiment: LT Buy Disclosure: Held
