11-16-2012, 02:00 AM
A few comments:
1. NEC Approval and Details - look forward to this milestone being released officially. Important that the company put the facts out in a clear way.
2. All makes perfect sense: no one willing to bid on a monster plant. 4 mtpa puts them in the "sweet spot".
3. "gas in kind": several ways this can work. and project timings are critical. As PNG power infrastructure may not be ready by the time production starts...and even when it is, the reliability will be a challenge. So this is probably the reasons for upcoming meetings.
4. All the hypothetical chatter last night was fun...but speculative and still very uncertain how this plays out.
5. $62.50 is cheap.
6. Elk3 spud will meet the deadline.
7. PRE confirmation / formal acceptance will be another key delivery for IOC...look forward to this announcement as well.
8. Short thesis is crap: at what point do they turn on each other. Don't wanna be the last million shares to cover.
1. NEC Approval and Details - look forward to this milestone being released officially. Important that the company put the facts out in a clear way.
2. All makes perfect sense: no one willing to bid on a monster plant. 4 mtpa puts them in the "sweet spot".
3. "gas in kind": several ways this can work. and project timings are critical. As PNG power infrastructure may not be ready by the time production starts...and even when it is, the reliability will be a challenge. So this is probably the reasons for upcoming meetings.
4. All the hypothetical chatter last night was fun...but speculative and still very uncertain how this plays out.
5. $62.50 is cheap.
6. Elk3 spud will meet the deadline.
7. PRE confirmation / formal acceptance will be another key delivery for IOC...look forward to this announcement as well.
8. Short thesis is crap: at what point do they turn on each other. Don't wanna be the last million shares to cover.