"We’re glad to report that the prime minister of Papua New Guinea has confirmed to me personally and to others of our project team, including Sir Rabbi Namaliu, that the NEC has recommended for the InterOil Gulf LNG project to go forward, with a starting LNG capacity of 3.8 million tons."

"None of us should lose the perspective that we are in the right industry, being energy. We are in the right segment, being gas, and we are definitely in the right region, being Asia."

"This event paves the way for our LNG bid and sell down process, or as they say, the green flag has dropped, and the final phases of bidding and closure can begin."

"Based on the new site data, geological field mapping, and the new potential field data, and the Triceratops discovery, it is InterOil’s view that the latter is true, that the Triceratops and Antelope discoveries seem to represent continuation of the shell and marine carbonate system that extends over 3,500 kilometers along the northeastern Australian margin into the gulf of Papua and onshore."

"One is a certified, so [GLJ], number one in Canada. They handle a lot of public companies. And that is a certified number of 8.59. And then GC did a quick review, and they were on 2C of 6.5. So both confirmed that we had more than enough to do 8 million tons of capacity."

"Sal Ilacqua - Monness Crespi Hardt

You referred to the modular approach a while back. Does that assume that the EWC is back in the mix? Or have they been in the mix all along?

Phil Mulacek - CEO

Everybody’s been in the mix. The bidders will dictate that final outcome. If it’s an IOC, they could do conventional to EWC. All of them are on the table. And the final bidders will dictate configuration. And we’re open to whatever."

"We actually don’t see that. With the current costs out of Australia, we see less being available, less that they’ve had contracted. We see major declines in Malaysia and Indonesia, up to 30-40 million tons, which, in the short term, eradicates any type of talk. There’s a lot of talk out there. But on real, physical depletion, you look from Thailand, Indonesia, and Malaysia, which has been the breadbasket in the supply for gas for all of Asia, they have a crisis. And the incremental capacity that’s actually being done will barely make a dent."

"Pavel Molchanov - Raymond James

And what role would the condensate stripping facility play in this development with Mitsui?

Phil Mulacek - CEO

A bidder may just want to do it all themselves. Mitsui is engaged. They have their own consortium. So as I said, within IOC they would just do cash themselves. Mitsui has provided us a financing option for a CSP, and that’s where it stands."  (Don't fret YaZoo, if Mitsui is out it just means we have a better CSP option)

'Tree' pid='12788' datel Wrote:

"We’re glad to report that the prime minister of Papua New Guinea has confirmed to me personally and to others of our project team, including Sir Rabbi Namaliu, that the NEC has recommended for the InterOil Gulf LNG project to go forward, with a starting LNG capacity of 3.8 million tons."

"None of us should lose the perspective that we are in the right industry, being energy. We are in the right segment, being gas, and we are definitely in the right region, being Asia."

"This event paves the way for our LNG bid and sell down process, or as they say, the green flag has dropped, and the final phases of bidding and closure can begin."

"Based on the new site data, geological field mapping, and the new potential field data, and the Triceratops discovery, it is InterOil’s view that the latter is true, that the Triceratops and Antelope discoveries seem to represent continuation of the shell and marine carbonate system that extends over 3,500 kilometers along the northeastern Australian margin into the gulf of Papua and onshore."

"One is a certified, so [GLJ], number one in Canada. They handle a lot of public companies. And that is a certified number of 8.59. And then GC did a quick review, and they were on 2C of 6.5. So both confirmed that we had more than enough to do 8 million tons of capacity."

"Sal Ilacqua - Monness Crespi Hardt

You referred to the modular approach a while back. Does that assume that the EWC is back in the mix? Or have they been in the mix all along?

Phil Mulacek - CEO

Everybody’s been in the mix. The bidders will dictate that final outcome. If it’s an IOC, they could do conventional to EWC. All of them are on the table. And the final bidders will dictate configuration. And we’re open to whatever."

"We actually don’t see that. With the current costs out of Australia, we see less being available, less that they’ve had contracted. We see major declines in Malaysia and Indonesia, up to 30-40 million tons, which, in the short term, eradicates any type of talk. There’s a lot of talk out there. But on real, physical depletion, you look from Thailand, Indonesia, and Malaysia, which has been the breadbasket in the supply for gas for all of Asia, they have a crisis. And the incremental capacity that’s actually being done will barely make a dent."

"Pavel Molchanov - Raymond James

And what role would the condensate stripping facility play in this development with Mitsui?

Phil Mulacek - CEO

A bidder may just want to do it all themselves. Mitsui is engaged. They have their own consortium. So as I said, within IOC they would just do cash themselves. Mitsui has provided us a financing option for a CSP, and that’s where it stands."  (Don't fret YaZoo, if Mitsui is out it just means we have a better CSP option)

"Based on new site data,geological site mapping...."

Looking forward to doing some more "dinasour hunting" after we get his ship lashed to the pier in POM.

Cheers for the officers and crew.

Tusker

[/quote]

"Based on new site data,geological site mapping...."

Looking forward to doing some more "dinasour hunting" after we get his ship lashed to the pier in POM.

Cheers for the officers and crew.

Tusker

[/quote]