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(07-03-2012, 10:18 PM)jft310 Wrote: Heres my guess
1)I agree EWC and Flex are out at E/A. I think they may come back at T-2.
2)I think its always been the Japs.JKM wins.
3) I agree a traditional plant ,date unknown.Or how much DD has Mitsui done on their own bring to PNG a traditional plant.
4)I don't agree IOC will sell more then 50%. I think in total more then 50% is sold. I think Civelli, drilling partners get clawed back a portion and Petromin sells their 20%.IOC ends up with 25-32% of the project.
5)The price talk I hear and its again a rumor is more the $3 per mcf because of the demand .
6)I think the operator is Petronas.Happens all over the Oil and NG business an operator is hired to manage others assets.
7)Appears the PNG govt doesn't like tolling. To get this first deal done IOC will bend in some way.
8)LNG plant location who cares. Just build the darn thing.
9)Its 100% to me that PRE buys more of T-2 in time. I think is 20% is a fine number. A PRE buy in plus the E/A sell down gives IOC lots of cash to do what it really wants a modular deal think RC and why hes there and someones floating see the IOC buyin of FLEX.
But lets just get this one done.This darn E/A deal.If the liquids are as robust as indications just pump em out for instant cash flow.Reduces the odds of reinjection I assume.
Agree on #6
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Within InterOil's ability to control events (which is questionable given PNG politics), the clear goal is to MAXIMIZE SHAREHOLDER VALUE.
Given the multiplicity of likely dissimilar bids, how to do this may not be clear to those of us without access to the facts.
In that environment, I suspect the consensus may well be way off the mark.
None of us should particularly care what the plan is, as long as the Board of Directors keeps their eye on the MAXIMIZATION of SHAREHOLDER VALUE, within the available PNG political parameters.
I have little doubt that this is the focus of the BOD, given the large personal holdings of the key members.
VS
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Thank you, VS,
With so many contradictory messages in a single sentence, I might just as well approve of Michael Spieks' rather bullish assumption that a deal announcement may surprise us any day. Personally, I do - indeed - believe the Board of Directors will deliver soon, regardless the election of several Papuas in New Guinea.
Best,
Petro
Sorry, STP, I'm opinionating once gain, as are others...
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Nobody says you can't opinionate, Petro..
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07-07-2012, 09:47 PM
(This post was last modified: 07-07-2012, 09:53 PM by Spartina.)
Chopper down in PNG, check out yahoo. 2 Austrailians 1 New Zealander flying from one of IOC's rigs. Hope Chandler & Colin weren't on it.
The people in the chopper were not IOC employees, part of the heli crew. Very sad, hearts & prayers to the families
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That's VERY bad news, indeed, thoughts to their families, one can't imagine what they must experience right now.
