Hi Dhuy,
I agree with you there, I target at the moment Aussie oilers with o&g plays in the US - which I find a more attractive proposition the o&g plas in Australia frankly - too many factors against them, cultural,political, jurisdictional, and the 'water melon' coalition ( Greens & Labour, & farmers) against miners/oilers at the moment, let alone the high labour cost and the unions making operations in Australia less attractive.
That's why I bought into QPN a few weeks ago; its not in Australia, they have local connections in Indinesian politics, and where some of the biggest o&g companies are clamoring to enter and develop their fields.
So for me, QPN has many characteristics with Aussie o&g plays operating in the Permian Basin in Texas.
But invest in O&g plays in Australia? Definately not my cup of tea, QPN offers far more upside.
Just my opinion, and good luck to all holders.
Hi Dhuy,I agree with you there, I target at the moment Aussie...
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