Twiggy move on Canning Basin, page-23

Good question.

I think he wants to do his own thing with Goshawk, IE the 80-20% split

Obviously Goshawk bent Twiggy ear to promote the Canning land grab and I expect Goshawk is free carried during the SPA-AO terms.

Farming into which BURU play oil or tight gas.

Well meaningful farmin for BURU has to be

1, oil play what two wells cost say $20 milllion

2, tight gas say 1 horizontal well cost say $25 milllion

What percentage would BURU and Mitsubishi sell together 50%?

Can't be just BURU farming down as they be left with to small a percentage.

So farmin to both = $45 million

Or take out BURU.

Current market cap $68 million, offer 28 cent IE $100 million deal done.

Then squeeze Mitsubishi and REY out by do rapid exploration program.

That's what he should do.

Bottomline Ungani field (which is how big? ) would pay for the takeover.

Get tight gas and all the 3D seismically defined Ungani trend prospects for free!