Elder in Chicago

[Tree]

Has been doing some chin scratching and deduction and research on those 4 SM's into LNG and in PNG.  We've made all the cases why none of the 4 should lose the Gulf LNG stake.  Does 1 SM wins first train stake?  1 makes the most sense and is currently the most under committed in LNG at this  time.  That is the 1 that wins.

[Optionray]

Has been doing some chin scratching and deduction and research on those 4 SM's into LNG and in PNG.  We've made all the cases why none of the 4 should lose the Gulf LNG stake.  Does 1 SM wins first train stake?  1 makes the most sense and is currently the most under committed in LNG at this  time.  That is the 1 that wins.

Cheveron, followed by a bidding war between Shell and Exxon?

[Libtardius Maximus]

Shell will not go quietly into the night

[sageo]

Has been doing some chin scratching and deduction and research on those 4 SM's into LNG and in PNG.  We've made all the cases why none of the 4 should lose the Gulf LNG stake.  Does 1 SM wins first train stake?  1 makes the most sense and is currently the most under committed in LNG at this  time.  That is the 1 that wins.

Cheveron, followed by a bidding war between Shell and Exxon?

Option-- I vote with you. As I stated recently, Chevron sitting on 21+ billion in cash( and now they are working more with China) and their costs in Australia are skyrocketing ,it seems logical that PNG would have greater interest to them.

[jft310]

Exxon has the most to gain with the least money if the PNG govt would allow and see the newly announces LNG bldg on Port Moresby

[Tree]

Exxon has the most to gain with the least money if the PNG govt would allow and see the newly announces LNG bldg on Port Moresby

Gee, maybe that T in the aquatic pipeline isn't for feeding Gulf LNG from the Highlands BUT its for accepting dry gas from E/A to be processed at PNG LNG??  Huh, I guess that makes most sense as feedstock from E/A should easily be much less $/M than the $7/M gas PNG LNG receives from itself.  Should be worth more to XOM I'd guess.  Hello Operator.......connect me to the train station.

Toot Toot

[Tree]

The elder had an epiphany (again) tonight and reached out with an hmmm.

Hmmm OSH is only showing 505 MMBOE for the PNG-LNG project. (Reserves) They also mention that the PNG-LNG project is a 30 year 9T production goal. (2 Trains) 505 MMBOE only equals 3T. OSH has one gas field and 20% project gas comes from their oil fields... probably re-injected gas. Where is the rest coming from? Off Shore ... looks like Total's back yard. So... is IOC the back stop if OSH drills and misses? Hmmmm Well, I guess Rex can &%?! in 1 hand and in the other hope OSH can find 9 more Ts. We know which fils up first.  1 Tcf produce 21.25 MT Ping Ding needs 12.7 Tcf for 270 MT LNG ......and then there are expansion aspirations. I'd say they maybe can't depend on OSH. It has always made most sense for XOM to pay Phil's price. Ok, so XOM sold contacts for 6.5 MTPA. So the PNG LNG Project as stands a production reserve for 10 years 8 months. I think they are a bit short on expansion and the 30 year plan.

Hmmm

OSH is only showing 505 MMBOE for the PNG-LNG project.
(Reserves)

They also mention that the PNG-LNG project is a 30 year 9T production goal. (2 Trains)

505 MMBOE only equals 3T.

OSH has one gas field and 20% project gas comes from their oil fields... probably re-injected gas.

Where is the rest coming from?

Off Shore ... looks like Total's back yard.

So... is IOC the back stop if OSH drills and misses?

Hmmmm

Well, I guess Rex can &%?! in 1 hand and in the other hope OSH can find 9 more Ts. We know which fils up first. 
1 Tcf produce 21.25 MT
Ping Ding needs 12.7 Tcf for 270 MT LNG
......and then there are expansion aspirations.
I'd say they maybe can't depend on OSH. It has always made most sense for XOM to pay Phil's price.

Ok, so XOM sold contacts for 6.5 MTPA. So the PNG LNG Project as stands a production reserve for 10 years 8 months.

I think they are a bit short on expansion and the 30 year plan.

[jft310]

It was Electra maybe 4 years ago that posted on Yahoo ." Its an Exxon Island". She knew back then is my take. She is an OIl Engineer from Australia its guessed.Schlumberger employee??? Just guessing on who Electra might be.