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InterOil from the boards, week up to June 12

June 12th, 2011 · No Comments

More interesting stuff…

  1. A nearly 50 per cent increase over the past seven months in the prices of spot or regasified liquefied natural gas (R-LNG) has turned power generation companies away from the spot LNG market… Spot LNG prices have gone up from $10 per million British thermal unit (mBtu) at the beginning of this year to $15 mBtu.
  2. Global LNG-Asian LNG prices move higher on summer demand. Prices near $14 mmBtu
  3. Rising global demand for oil will exhaust OPEC’s surplus capacity next year, said Goldman….
  4. One bright spot has been natural gas prices. The clean fuel is up roughly 13% in the past 30 days. It’s also outperformed the S&P 500 index by 20 percentage points in the same timeframe. And as I’ll show you, now is a great time to hop into these stocks…
  5. There are a several of process reasons for the differences in cost per mtpa for the Shell FLNG platform v IOC’s.
  6. ‘China and India, looking to secure energy for their billion-plus populations, could both see LNG imports rise five-fold in the next decade’. China’s imports are expected to rise to 46 million tpy by 2020 from just over 9 million tpy in 2010, according to consultancy Wood Mackenzie.
  7. Part II: the factors combined could take the world into a “golden age of gas,” according to the International Energy Agency (IEA)
  8. In the meeting, he asked for the Papua New Guinean government’s strong cooperation in allowing a larger number of Korean companies to participate in its liquefied natural gas development project; concluding an agreement on investment guarantee
  9. Plenty of big names already operate in PNG, and in the past year BHP Billiton, and more recently Rio Tinto, have purchased tenements…..“PNG in a sense is quite transparent,” he said. “Investors know the rules and can work with them…….“Behind Australia, PNG has the largest mining district in Australasia. “PNG’s royalties are low to-moderate, with a dividend withholding tax of 10 per cent in mining, plus 30 per cent company tax. So for investors the tax regime stacks up…….There are plenty of attractions for investors, and if the deposit is big enough the benefits should outweigh the challenges.”
  10. A city of 1 million people is going to be created every week
  11. A message from our technical experts..
  12. The stage is set for a “golden age” for gas as consumers switch from competing fuels such as nuclear and it could account for more than a quarter of global energy demand by 2035, according to the International Energy Agency (IEA).
  13. This is where our 5mtpa startup project is right now
  14. It is true that many of the gas fields in Australia and Southeast Asia contain a considerable amount go CO2. Some of these fields contain so much CO2 that it is not commercially recoverable. Bottom line is it looks like the Elk/Antelope Field, with 3-6% CO2 is in the lower range of CO2 content for fields in Southeast Asia.
  15. Asian liquefied natural gas prices are likely to remain linked to oil and stay at a premium to European and U.S. LNG rates
  16. Japan’s trade ministry said on Tuesday it had sold a 62 percent stake in a Papua New Guinea oil and gas venture to JX Nippon Oil & Gas Exploration Corp for 19 billion yen ($237 million)
  17. So if selling of 62% of a 4.7% stake equales 237 mil USD, then the PNG LNG project is worth 8.3 bil USD (237mil/ 0.62/ 0.047 = 8.3bil) for 6.6 mmpta. That is 1.23 bil USD per mmpta (8.3 bil USD / 6.6mmpta).
  18. It is sobering to think that while the $2.4 trillion-worth of investments our industry spent during the period 1995 to 2004 yielded an increase of 12.3 million barrels of oil output, the next $2.4 trillion – spent in half the time, between 2005 and 2010 – had gone simply into sustaining output at current levels… Globally the number of material discoveries for every new field wildcat drilled has also been falling steadily
  19. Thailand and Singapore will shortly commission their first LNG-receiving terminals, to be followed by Indonesia, Malaysia, Pakistan, Sri Lanka and possibly the Philippines. Within five years nearly all Asian countries could be importing LNG and we are seeing a similar picture in Europe, South America and the Middle East… Global LNG receiving terminal capacity was 350 million tonnes in 2005, 600 million tonnes in 2010 and could reach 950 million tonnes in 2015
  20. SOUTH Korea has asked the Papua New Guinean government’s cooperation in allowing a larger number of its companies to participate in the PNG LNG project.
  21. 7000+ Jan calls bought today
  22. World Bank agrees to fund major roads
  23. Must listen: Henry Aldorf CC with Calio
  24. Australia’s WorleyParsons and Norway’s Kanfa Aragon have been awarded the topsides front-end engineering and design (FEED) contract for the Elk-Antelope floating liquefied natural gas project in Papua New Guinea.

Tags: IOC · The best from the boards