No where is there an indication that imports are down because domestic production from CBM is either up or predicted to increase to such a significant extent that imports are viewed as no longer required in such volume.
Another one of those articles that leaves key questions unanswered.
GLA
''The Company will retain an overriding royalty interest of 5 percent of GROSS REVENUES from ALL hydrocarbon discoveries developed within the Licence (the ORRI) and will have no requirement to contribute to any future capital or operating expenditures incurred over the life of the Licence.''
Clears up the small matter of how the revenues were going to be calculated.
With so much capex on hold. I suspect the big players will be happy to let the smaller players find the oil,Then move in at prices that are below capex costs
Martinello
This is a million miles away from Afren.
Just compare debt for starters....then no need to look much further than cash on hand.
Chalk and Cheese