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+--- Thread: Transformative CC notes: (/showthread.php?tid=5413)
RE: Transformative CC notes: - AD123 - 12-07-2013
Hasn't said anything about 30% interest in the LNG plant or did i miss it?
RE: Transformative CC notes: - Tree - 12-07-2013
"Study the SPA, see the nuances of the deal to understand. LNG deals are very big and complicated"
MH - "I'm pretty happy!"
We came in to deliver E/A development, we had a Y/E deal target, we have TRI license extension, assurances for other license extensions. We are on track guys. Stable company, exploration upside, the future is coming into focus. On top of it, we have a very good partner in TOTAL, very happy to have them on board"
RE: Transformative CC notes: - ArtM72 - 12-07-2013
It was the breathless delivery of "I'm pretty happy" that seemed to make it a clear understatement. I'll now add, "so am I".
RE: Transformative CC notes: - AD123 - 12-07-2013
interesting - you guys are posting things 5 minutes before i am hearing them on the conference call (thru the website).
RE: Transformative CC notes: - SamAdams - 12-07-2013
So within two years they get the current market cap of the company in cash and tax free and still own 30% of PRL15 plus everything else? wow!
RE: Transformative CC notes: - Tree - 12-07-2013
'ArtM72' pid='33194' datel Wrote:It was the breathless delivery of "I'm pretty happy" that seemed to make it a clear understatement. I'll now add, "so am I".
Agree Arty,
Exploration upside in PRL15 which Hession said could add another 10 Tcf is what truly is value driver.
The water will heat to a boil, just not boil today.
RE: Transformative CC notes: - ebster123 - 12-07-2013
'Tree' pid='33174' dateline='<a href="tel:1386346 Wrote:MH- It is entirely reasonable we will end in the GLJ range as far as TCF in PRL15. We won't know until we drill 3 appraisal wells. Payments are geared to avoid unreasonable behavior by TOT in the JV. ie, not a large FID payment as that can disincentivize FID Reasonable through life cycle of the development. "there is a very large prospect in PRL 15 that we wish to tap. Several PRL15 prospects appear to be similar to E/A"
Tree, I liked this comment as well. Wish he was on video because MH sounded like he was about to jump out of his skin in excitement regarding this prospect!!!
RE: Transformative CC notes: - ArtM72 - 12-07-2013
'SamAdams' pid='33197' datel Wrote:So within two years they get the current market cap of the company in cash and tax free and still own 30% of PRL15 plus everything else? wow!
Nicely put
RE: Transformative CC notes: - admin - 12-07-2013
'AD123' pid='33196' datel Wrote:interesting - you guys are posting things 5 minutes before i am hearing them on the conference call (thru the website).
We have some of the fastest and smartest people on board here 
RE: Transformative CC notes: - Palm - 12-07-2013
'SamAdams' pid='33197' dateline='<a href="tel:1386348 Wrote:So within two years they get the current market cap of the company in cash and tax free and still own 30% of PRL15 plus everything else? wow!
Exactly Sam. And they add the $100 million per tcfe after the first tcfe (which is "free" for Total). Great incentive to get rigs turning. ASAP. Hession will push hard to beat these target dates; that's how he operates. What we get out of this is very good on cash basis, but also a very respected partner in Total, and in them someone welcomed by the PNG govt. Duma may have preferred Shell (and they are free to launch a buyout now should they wish), but he is happy as they have a 2nd major to Exxon. Kavo is more than happy as he will get his much desired LNG plant (of course the assumption is it will be in Gulf).
It's nice when govt partners are happy.