Don't know if anybody read BHP's September Q report, in short the Press report that BHP will increase it's exploration budget this year by $A830m, it's main exploration targets being the Gulf of Mexico AND the Carnarvon Basin specifically the Beagle sub Basin.
IMO you don't have to be a Rhodes Scholar to see what is unfolding on the NW Shelf primed of course by the oil discovery last year by CVN...leaving aside the imminent drilling of ROC1---personally believe CVN's SP is gradually increasing in value and buying support for a very valid longer term reason.
Press (West Australian) report (22 Oct) on BHP said "BHP has made it clear that it's immediate petroleum ambitions are big oil not just in the Gulf but also in the underexplored Beagle sub Basin".
Connect the dots.
Cannot establish any further facts about the whereabouts of the Noble Tom Prosser drilling rig.
Q report comments, page-2
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15.5¢ |
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Mkt cap ! $277.3M | |||
| Open | High | Low | Value | Volume |
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