Billy,
I think that the Brazil news was no more than we could expect really ,however, my concern is where is all the money commimg from, to do the appraisal drilling.
The last thing we want is a 10% dilution due to a CR.
A farm out is not guaranteed, although is Karoon's perferred option.
We will just have to wait and see if Yellow Robbins birds start chirping again on Proteus.
I've done my bit !
Cheers,
J L.
pre open, page-19
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