High Arctic Energy Report- Upcoming well spud

[cybersssss]

Per the High Arctic Energy Services report-

A well supposed to be spus Arpil 2015 and another in Q3 with newly contracted rigs.

See image attached.

[Spartina]

Nice find Cyber

[jft310]

So maybe rig 115 is Ant 6 and maybe rig 116 is A/S . ??Which rig will drill Tri ??

[Gator]

http://seekingalpha.com/article/3108326-...nding-soon

The full SA article on High Arctic

[Tusker]

Repsol payed a 120% purchase premium to acquire Talisman Energy in PNG. How is that for a market measure.

[jft310]

Tusker for E/A alone a 120 percent premium would be fine for most investors ,

[Getitrt2]

I think there is essentially no interest on the part of IOC in selling its interest in PRL 15 (including E/A), and hardly any chance it should or will happen. Are you hearing something different from a credible source?

[my2cows]

I think there is essentially no interest on the part of IOC in selling its interest in PRL 15 (including E/A), and hardly any chance it should or will happen. Are you hearing something different from a credible source?

When I spoke to the company a while ago, I came away with the thought that they would sell down an interest in ELK/ANT or just the Gulf LNG plant to someone like Respol.

[jft310]

Getit/ best to read Taureka interview again, he stated clearly sell a/A alone was possible.

[ArtM72]

I think there is essentially no interest on the part of IOC in selling its interest in PRL 15 (including E/A), and hardly any chance it should or will happen. Are you hearing something different from a credible source?

IOC already HAS sold down its interest in E/A...under serious pressure from the government.  I am in the camp that believes IOC's true value has yet to be recognized and is far greater than anyone here is currently mentioning.

Let's not forget that NG is a fuel of choice in the future.  Not only does its use generate less greenhouse gas (and other pollutants) per BTU than petroleum or coal but the capital required to employ it for large scale power generation is far less.  NG is also ideally suited for very highly efficient local electrical power generation with heat recovery for process heating AND cooling ("CCHP".   NG's problem to date has of course been transportation and lack of infrastructure but we are in the midst of revolutionary developments on that front.  Hell, the Japanese were even talking about building a DME plant in PNG a couple years back, DME being an effective substitute for diesel and a whole lot easier to transport and store than LNG (think LPG equivalence).  The point is more and more machines are being built to use NG every day, machines that used to be designed for petroleum.

IOC sits on a huge natural gas mine and would be silly to give it away at the prices paid by Total.