perth basin, page-7

re: perth basin - not long now First Xmas then New years and when you wake up ,Cliffhead-3 should be spudding.

Action for partners has already happened, VOY up some 60%, NWE up about 25%, AWE up 30%, HDR held down by mauritanian commitments. All partners nicely balanced to go dramatically in either direction depending on Twin lions result.

I suspect if Cliffhead program and Leafcutter are successful, HDR might consider selling equity in Mauritania and concentrate on a safer Oz ... which should make the market happier with an associated price rise.

Lets hope if a 60-80MMBLS recoverable Twin lions comes in, it might get some media attention!?

Just my opinion as a mug oil speccy.