Twiggy move on Canning Basin, page-49

Yes, WN, you are not wrong in statements in your last post until your conclusion "28c will probably succeed" - you must understand corporate affairs if you have run companies and you must know this statement is mischievous at best and ludicrous at worst.

One of the reasons we aren't at 28c is precisely because nobody would offer it, it's Catch 22. A major wouldn't buy BRU without a proven up gas resource and we aren't there yet - but they will farm-in. That's just the way big business functions. An opportunist low ball bid from anyone else would be stillborn, as above. In short, there will be no takeover offer for BRU of any nature until oil production has recommended and after the TGS farm-in and I suspect until at least the gas pilot they have described is up and running.

Meanwhile, unfortunately oil tanked last night and the UT from Feb is kaput. That's a nuisance. Always looking for the positives, I guess it makes it more likely OPEC will get their act together. Hmm.

Oscar looking foolish on POG as predicted though. Doesn't know his gold from his fool's gold