question for gurus about cash pile ....., page-18

TAPIS US$93.2
Average has been around 48k bopd for last month. Apache 4th quarter and conference call out 7 feb. Looking for any update on Maitland..
"Recent developments in international gas markets are expected to contribute to Apache's future results. Natural gas prices for new contracts in Australia have climbed from less than $2 per thousand cubic feet (Mcf) to $7 or higher in the past year as demand has grown from the domestic mining industry and the liquefied natural gas export market. Apache's Reindeer and Julimar discoveries will be coming to market in this new environment. "
Maitland prospect is potentially very large and can see Apache would be keen to develop. They are "optimistic it will be commercial"
http://www.apachecorp.com/content/includes/gallery/au_brunello_02.jpg

dyor