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2,408 Posts.
177
08/03/07
16:59
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Oilers often raise funds by farming down acreage either for cash or for a free carry through drilling (offset cost).
Right now MPO has a vast asset in the Liulin field and could use that either fully or in part to fund future work.
With the likes of Santos etc hungry for gas reserves a sale of some assets is a possibility.
In more progressive financial markets like the US debt funding for exploration is much more easily achieved than in Australia.
I would imagine they will use a combination of financing techniques.
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