'Libtardius Maximus' pid='12794' datel Wrote:given the news today with a report back date to PNG PM by EOM, the SD with a major happens before the end of this month. This makes PNG's price a direct comparision to the chosen partner. I don't buy that management doesn't know who the partner will be. I'll bet there's a scramble going on by bidders as I type this.
Using PRE as a baseline is apples to oranges since it's T2 V E/A. IOC will use E/A partner numbers for PNG additional %.
Tick tick tick shorty.
Duma stated what as regards Triceratops and E/A. ?? Didn't he say that Triceratops would feed E/A LNG ???That would make the PRE deal a commercial deal. Will they use that price or the LNG partner sell down price? Exxon received over $2.20 per mcf several years ago for a very expensive plant . If I were IOC I would point fingers at Exxon and Gorgon and sell the EWC idea to start because of earlier monetization and a cap on costs bourne by EWC. Thats a HUGE selling point. Not sure ask Exxon/OSH .the PNG govt abour cost over runs. I was told to model an LNG sell down price in the $2-3 range. Use Sam Tibbs model for a look see.
A very large IPI partner thinks its EWC, delivery of EWC modules in Jan 2013 and ground breaking for the LNG plant 1st quarter of 2013. With all the work IOC has done first LNG in 2015. Henry A has always said we are proceeding as if we had approval . Like all things IOC this to can change. This makes great common sense for all. O'Neil further affirmed when he said get started now. No one can be as far along as is EWC and Mitsui. They have been FEED ready since Dec 2011. I think we know more soon.