Rizzla,
I just factor in galoc, duhat 2, and cinco. Galoc north will be a welcome bonus if it happens coz the last time i attended the ASM of their philippine partner Philodrill, there was no firm commitment to drill Galoc North immediately after Galoc.
With the possible threat of an Israel-Iran war spiking oil prices to around $170 per barrel ANYTIME, investing in oil is always a good hedge for me.
Regarding cinco, their exploration permit is until August 5, 2013 so I think it would be safe to say they are targetting to start before this date. If BHP announces finding a drill rig this month or in February, I think August is doable.
Rizzla, I just factor in galoc, duhat 2, and cinco. Galoc north...
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