More important for Woodside, their current net 2P-42.5 mmbbls &...

More important for Woodside, their current net 2P-42.5 mmbbls & 2C-106.5 mmbbls of crude oil in Oz, total 2P2C inventory of 149 mmbbls crude oil.

SNE's gross volumetrics r 2C-468 in 1 spot, with many undrilled targets. So that's the prize one could chase or cherry pick. Note I am only referring to WPL's crude oil inventory figures from their Annual report not, 48 API condensate. Santos has similar sort of numbers as well 2P-42, 2C-118 mmbbls crude oil (2P2C-160 mmbbls crude oil).

WPL dont have international producing assets after selling out Mad Dog in the GoM. So if SNE or any other Ghanian fields ie TEN-250 mmboe, Jubilee full field (still has plenty of juice in it) & Torture with its 15 tcf resource (same as Gorgon in WA) could attract WPL who last sold out of Mauritania in Dec2007 to Petronas for A$518.2 mil after 2yrs of production at Chinguetti.

Depending on status of the project they can pay whatsoever they seem is right in the current enviro ie exploration phase or developed or producing assets.

Simple rules apply to find Oil reserve replacement projects from that part of the world rather then just chuck cash & then regret it. So there's plenty of time to see how all this pans out.

Just my thoughts for now.