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Yes, and if we had listened to you:
1. We would not have thought IOC had a chance in the PNG LNG expansion
2. We would not think that IOC has any chance of ownership in PNG LNG
3. We would be thinking that the $1.5 billion raise by OSH has something to do with IOC's deals.
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Palm, that is taking a lot of liberties with what I said in the past.
I never said that IOC gas would not be used in the PNGLNG expansion. It was always a question of would it be train 3 or train 4, and when it would happen.
I queried the validity that we can assume that IOC would have any ownership in PNGLNG UNTILL we get some indication from the PNG LNG partners that this may be a possibility.
I thought it obvious the $1.5 Billion post was a question asking if it may have some relevance to the IOC deal and, because of the money numbers I was aware of dealing with OSH accounts, why I was asking that question.
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I think it is time to start "dismissing" officers.
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Let's step back and look at the bottom of the charts presented. These are multi year charts not monthly or even daily charts . It shows what happens over time to stocks that are involved with LNG production over a multi year period .It was never implied nor suggested based on the charts presented or verbiage so attached that a LNG deal would drive IOC up 7 or more times it's current value .
These charts clearly show the value in waiting for IOC to get a deal and then waiting further for the. LNG plants to open and then have IOC do it all over again. Never forget Tuskers string of Pearls. The Nikski partners are in IOC at 50 cents and are still holding, the drilling partners are up 10 fold when it's all over, a doubling of IOC's current price makes any wait period very productive and beats handsomely any index measure. Who will wait?..
I will as will my associated, family and friends.
Use or flush. The intent is to show the value in waiting it out measured over multi years now who gets that?..
