'CAC' pid='40736' datel Wrote:
'Li'loilady' pid='40723' dateline='<a href="tel:139 Wrote:
'Palm' pid='40718' dateline='<a href="tel:1396322 Wrote:
'Li'loilady' pid='40717' dateline='<a href="tel:139 Wrote:
'Palm' pid='40701' dateline='<a href="tel:1396315 Wrote:It's all Singapore time in the agreements.Thanks Palm. That's actually nice to know. Singapore is 12 hours ahead of EDT.
Lil, the Completion was to take place at 12 PM at IOC's offices in Singapore. Schedule 3 states the payment will be made on the 5th business day following Completion.... I guess we can assume 12 PM April 2 Singapore would be a deadline, but it does appear to be set on Singapore time.
Palm, you make my detail-loving heart sing! So, if we dare prognosticate, we might wake up Wednesday morning to a PR. (12 PM being noon, eh?) Maybe we'd better hope for Thursday.
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I don't know whether this might be a clue or not, but I found it odd that when asked where the $400M would go, he didn't seem to have a clear plan. He said something to the effect of..."we will look at our balance sheet and our obligations at that time and determine what is best". Huh? If he knew they were getting it in 4 days, wouldn't that analysis/plan be pretty clear already?
They probably do know, but they aren't necessarily interested in throwing it out in a public forum. These are management decisions and they answer to the Board for that. We might take a hint from the statement about Bobcat where they say that results of the drilling will be announced when everything is final. With all of the jockeying going on right now they are keeping management decision close to the vest as they should. In the "old" days Pre-Hession the bashers would be screaming that they don't want to announce anything on Bobcat because they are thinking it will be a dry hole and they are just drilling to meet the license requirement and it's all show. Seems the bashers have pretty much realized that they are the ones who have hit dry holes with their arguments. It's there and it's now been acknowledged by OSH themselves.
We can also see what Botten is doing; the same thing. He was very close to using the "How long is a piece of string?" line when explaining why they paid up for the Pac LNG interests and fumbled around explaining why they were basing their assumptions on 5Ts when GCAs mid-point on recoverable gas is 7.1Ts. We now know why he did that. The string is likely longer than what they and Exxon want it to be right now. Too long of a string makes a new plant all that much more feasible.