plan b, c od d, page-22

Ya,

I would appreciate your thoughts on who the PF might be

It seems to me the announcement indicates it is probably Petrobras

The reason i say this is because we know MEO in the past have looked at these threads.

MEO knows that the argument put on hotcopper is that independent means able to decide independently, so with its government ownership, many have ruled out Petrobras

So its interesting in today's announcement how the term "independent" is defined.

"Independence from existing and planned LNG projects, allowing the most economically attractive development option to be pursued in the event of exploration success"

This means to me they are independent to current LNG projects in Australia. Hence the meaning of independent given in this announcement is that its their first time in Oz, and not in relation in its ability to make independent decisions from its owners

Does this sound right at all?

Bouzouki