'trans' pid='57800' dateline='<a href="tel:1431186 Wrote:

My two cents......what's going on, if anything now.    Gulf LNG morphing into a new entity owned by ioc, tot, osh and another sm(s).  This would accomplish the following:

- Be a separate company from PNG LNG and make two independent entities forming the LNG backbone of PNG

-This would allow xom to be included if it were a minority owner and someone else was the operator.

-This would please PNG govt and solve the monopoly problem PNG wants to avoid.

- IMO, it would also speed development of nat gas resources in PNG, and raise GDP and employment there.

-  If anything,  this makes the most sense to me and if anything is going on on the drawing board, this makes the most sense.

- Would form a very competitive PNG to asian markets, and a very financially solid company.

-Create a nice run in our stock and put the whole project on very solid footing.

-Think about this.....

-Be careful, someone for some reason, is accumulating ioc.

Good thoughts trans, and makes sense. With this management team in whole as well as the new Board, more logical steps are being taken and other companies are more confident in dealing with IOC. As well the government.