BPH 0.00% 2.1¢ bph energy ltd

Sanity prevails

  1. 543 Posts.
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    Well at last we are seeing some common sense from the Government.

    PEP11 has been a drain on investor's funds for how many years now? $25m dropped into a dry well in 2010 and nothing done with it for 10 years.

    No doubt the legals and bitchfighting did nothing to assuage the Government that this was a credible proposition.

    At least this will help save any more bunnies in the headlights from thinking that PEP 11 had a chance of being drilled yet alone producing commercial volumes of gas.

    If there is anything there, I would expect a credible large oil and gas company will apply for the lease and, being able to prove its capacity to fund, may get it!

 
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