RIFT OIL, Drilling for Oil in Papua New Guinea

Some very good and interesting posts today which does show that the infrastructure is going into Papua.If it does become another global commodity hub then the potential is certainly there for all of us to reap the rewards.Now it is not only the smaller players who are in Papua but some of the larger International companies are also seeing the potential.This will,for sure,see LNG or pipeline facilities to export the material being built.

The report on the feasibilty of commercialisation of the Douglas find should now be with RIFT and AUSTRAL management.Once the plan has been put together then we can expect an update but not before.People have the opportunity of buying at these low prices or waiting for confirmation.Personally,at these price,I can see the benefit of tucking a few away and subsequently adding on confirmation.