With the quarterly report due in a few days I hope/expect we will see some updates on the progress of the planning of seismic and maiden drilling programs by Santos and/or Total ...
At the very least I would expect an outline of ball park time frames on when these detailed/plans will be released to the market... I'm thinking that to give themselves enough time to drill all the holes they will be working overtime to come up with a plan and announce in the 1st Qtr this year perhaps in the next few weeks.
The release of this exploration programs which in together are above a $340m (Santos $150m + Total $190m) spend should have a majorly positive affect on the SP initially and then once again as the 1st and subsequent drill spuds are announced .... So Lots of ann's expected this year and likely no dilution till Q1 2014 (assuming Oppies in money).
All is IMHO DYOR
news on santos/total drilling programs
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