NDO 1.94% 79.0¢ nido education limited

Ya,"BHP....in the Sulu Sea back on Exxon's Dabakaan find in...

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    Ya,

    "BHP....in the Sulu Sea back on Exxon's Dabakaan find in SC56, so one never knows."

    It is interesting history that BHPP were the original successful bidder for SC56 when it was first released, and had 100% equity til transferring it to Mitra Energy in 2006.

    Mitra subsequently farmed out 50% to Exxon in 2008, but obvious BHPP had a 25% farmin clause with Mitra back in the original transfer to Mitra...It appeared BHPP exercised it as soon as Exxon announced the drilling of Dabakan-1.

    After BHPP's original farmin proposal to SC55 (lapsed), I had always said, "don't be surprised to see BHPP come into SC63"...so yes, you never know!

 
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