mr moshe pick the pub, page-20

The answer lies on PBR's 2009-2013 Business Plan.

Note that this is a 103 page slideshow.

A rough map on Slide #11, shows the map of Oz with PBR logo suggests that they may have plans to ventuer down under.

Here's the link for all to browse thro'

http://www2.petrobras.com.br/ri/ing/ApresentacoesEventos/ConfTelefonicas/pdf/PN_2009-2013_Ing.pdf

Also, PBR's intent to spend $8 billion on projects in Oz & Indonesia was highlighted in a Reuters article in Feb 2009. Here's the link.

http://www.reuters.com/article/idUSSP45851020090227

Should b an interesting few weeks ahead, given that after the 'farminee' is revealed, there should b some profit-taking, b4 the FIRB approval comes thro'.

Drilling is still scheduled in Q3 2010, as they want to avoid the cyclone season. Zeus-1 was drilled in Feb '08 & they had to evacuate & pay for rig costs + crew's accomodation on onshore.