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Originally Posted by boysy
Am a bit disappointed with the sale price, especially no royalty clause
Yes, the gas production has plateaued (& would fall off quite a bit during 2011 which is natural), but at least OEL is going ahead with its focus on oil & gas in the Phillipines & divesting its other non core assets
I dont expect the market to react to this at all, im waiting on more details on Galoc phase 2 now, economics must be looking good with Brent oil @ ~$US91/bbl
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