Papua New Guinea: Riding the Resource Boom

By Anthony Fensom

"Papua New Guinea could become the next resources boom state, with a new study revealing the potential for export revenues to swell six-fold by 2030 to U.S.$38 billion a year..."

further on down:

"While the bullish forecasts may excite many, PNG watcher Blair Price, editor of the PNG Report, told The Diplomat that resources and not agriculture held the prospects for the greatest gains.

“I won’t comment on the estimates up to 2030 – ‘potentially’ a lot can go wrong quite fast in PNG. In my view the big opportunities come from gas and condensate developments which can build upon the PNG LNG project infrastructure. That includes additional trains for this project and the possibility that other gas finds can hook into this infrastructure for easier commercialization,” he said."

<more at http://thediplomat.com/pacific-money/2013/02/05/papua-new-guinea-riding-the-resource-boom/>

Well this is my first post and I have to agree, but not only do I bent over I feel as if I have had my wrist hand cuffed to my ankles. Off topic

but just noticed that LNG.V traded 6.5 million shares today. FWIW Cobra

'Libtardius Maximus' pid='17025' datel Wrote:Nice find Art, timely on a day when we're being bent over.

We've kind of been getting bent over for a week now. The "bend over" green light was givin with the Feb 28th announcement. Not that it matters in the long run, but my crystal ball tells me the bending over will continue for the next few weeks. In the long run who cares if the deal is rock solid. But I see low 50's before the big announcement.