the new lease is in victoria., page-10

you need to understand the concept of fist mover advantage..

yes they may need lots of money to develope but thats not the intention..

its all about gaining ground rasiing capital to hold ground
and waiting for the big fish to come

large companies will pay up for optionality they just take a long time to move

small compainies move quickly and quiet often there is a benifical/relationship involved with large companies

agree with the comment son the african oil,it does seem that they wont have an jv partner by months end..well thats how i read it