'Stavros' pid='12863' datel Wrote:I took the liberty of copying your posting "Petrengr1" and I sent it to Dave Holland. I hope you don't mind that I did this. He reiterated that what he reported in the CC was true; he seemed to indicate to me that he's relatively sure they are in fact just above the top of the reservoir. They don't think the formation will turn back to claystone. IMPLICATIONS ... 1. LOT'S MORE GAS IN THIS SECTOR OF E/A THAN THEY THOUGHT 2. MUCH HIGHER VALUE FOR E/A IN THE SELL DOWN 3. WHEN THIS IS ANNOUNCED THE PPS SHOULD BE IMPACTED POSITIVELY > > > HOPEFULLY NOOS
Henry Aldorf right again. Geez maybe 30 years in the OIl and NG biz in Senior positions pays off.?? Ya think.. Developing LNG plants from scratch for Marathon might have some implications for IOC's development of their fields??. Grey hair can be benficial if its from experience.
In NYC July last year Henry told the Institutional investors there that IOC had 13 T's at E/A. (GLJ high number is 12.1 T's)Thats NG and condensates. Many chose to ignore Henry. Since then Henry has updated that number again with what he think post A-3 and E-3 will yield and thats 18 T's of NG and condensates. I don't have access to what Henry bases this on but I do know he has been incredibley right so far.This is why IOC wants a down payment on the sell down and then payment as assets are produced. Further explains why IOC can sell some to the government and then we have Triceratops and Tuna and........
Explain to me who can beat the EWC cost to develop????