I guess after a 10 year wait, we might find a JV partner who wants quick access who will free carry exploration for a while.
Interesting developments offshore Italy recently with joint Italy-Libya patrols and a new impetus for oil exploration.
It will be 'lucky' if Key gets approvals considering the strife others have gone through. PCL comes to mind.
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Past press on gas pipeline development around Sardinia, (I believe gas is the main target in the Western block?)
http://www.oilgasarticles.com/articles/54/1/Natural-Gas-Pipeline-in-Italy/Page1.html
I guess after a 10 year wait, we might find a JV partner who...
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