Heard the CFO in a recent presentation on the CVN threads say...

Heard the CFO in a recent presentation on the CVN threads say that Apus-1 failure was due to "migration out of trap"... or something very close. Does seem the prevailing view is the trap seal failed... agreeing with Noel. Worth a listen too Implies... Oil movement into the trap, most likely fine. PAVO-1 was more an indicator of the oil migration concept into TDO lease western side.

Yes, we are sitting tight waiting on 3 fronts

1. Otway and Conoco announcements, time is ticking down to this piece of news, hoped we would have some initial maps from 3D by now.
2. Otway North, farmout and hopefully some cash with most likely BPT announcement
3. Bedout lease, 3D schedule. Possible a partner, or arrangement with CGG to pay. Tricky with lease extension till early next year. Geo Coral in Korea for 4 months, another boat?

Likely news on all 3 fronts will be within months of each other... Noel has already earned hi smoney by gettng Conoc into Otwa... worth double on any of the 3.