Oil Search Sell Down

[Palm]

Not that it matters much, but I don't want people thinking that a granting of a PRL requires giving up license areas, since we will be seeking more PRL's in the future. The license areas IOC gave up that were obtained by OSH were given up when they did the last license extension request. Per the O&G Act a company must surrender a % of their license areas when they request an extension. I agree though that much of this could be scraps; probably some decent finds that OSH is used to (massive 150 columns Hohoho). Nice confirmation by Total that IOC has prime cut.