NEC Approval

[Justin94360]

Liam Fox ‏@liamfoxpng

#PNG PM O'Neill says cabinet's approved a 50/50 Gulf LNG project with #InterOil to develop the Elk/Antelope gas fields.

[warrenkj]

Liam Fox ‏@liamfoxpng

#PNG PM O'Neill says cabinet's approved a 50/50 Gulf LNG project with #InterOil to develop the Elk/Antelope gas fields.

So the WSJ article had some truth in it. Interesting!

Liam Fox ‏@liamfoxpng

"O'Neill says state will acquire 50% equity in project & cabinet's approved conditional withdrawal of notice to terminate project agreement."

[Petrovale]

Liam Fox @liamfoxpng

O'Neill says a team of bureaucrats will negotiate the 50/50 deal with #InterOil and report back by the end of the month.

[Tree]

Huh,
Like a match, the deal is struck. Maybe there will be fuel added today.
Sounds kinda irrevocable.

Let's see how the hypothetical turns out today.

[jft310]

List of qualified bidders?
FID by year end?
Anything else??

[Tree]

PNGreport ‏@PNGReport
@liamfoxpng 50% stake probably = at least $US3B or 6.2 billion kina.


Liam Fox ‏@liamfoxpng
@PNGReport nope, no details on how the govt is going to pay for it.


Ooooh Noooo! Mr. Market won't be happy!!!

[ebster123]

Tree, remember rule number 1