no brains - miss out on lifetime opportunity, page-5

Native title should be awarded and it will be a matter of what are the conditions.

Therefore:

OBL will end up with 25% or 75% of this asset (more than likely 75%).

OBL will be operator and can farm out to whom they wish (super major) OXX fully support.

OXX will have 25%.

The govt will be paying for a gas pipeline for domestic use through the property (worth 2 to 3c a share)

Supermajors want in (worth a heap)

No significant expenditure required for at least 6 - 12 months.

Key factors

Native title
Operatorship

The most important
How much resource is in the ground?

The big boys and OBL know how much. There would not be all this fuss and interest from left, right and centre. It is a matter of the big boys trying to jump in and get as much as they can cheap before the native title happens.

Guess what? Native title will happen. Price goes up. FMG you will be sorry and BRU bad luck the JV agreement pre dates your agreement.

They tried to screw OBL cheaply. But now, they might have to buy OBL shares on market. A positive native title will see OBL shares go through the roof. 10c plus by end of March.

Why?

Because we will find out whats in the ground.
OBL will get 75%.
Super major talks.
FMG and BRU want the asset.
Infrastructure and accessibility.
No extra capital required to do the above.