It would be a nice Christmas present if we get a new farm-in partner for SC55, DOE extends license and Otto holds >= 50% W.I considering BHP had saved us ~ 50 mn$ (25mn of seismic + 27.5mn) and we can spend some cash towards drilling thereby retaining more W.I. I have an instinct, pull out of BHP from SC55 could turn out to be blessing in disguise for LT holders of Otto.
I hope Galoc II update should help us to set base at 9.5c to 10c.
when galoc phase 2 start up ?, page-16
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