Carr says PNGs status under O'Neill will prosper

[Palm]

Agree Spartina. And I know there is great frustration among people seeing the pps is where it is in spite of you list, but these are all things that de-risk the project. The value is there. The few things that remain are significant, but are now very doable. Other points to make is the great recovery in LNG pricing since 3 years ago; coupled with the Fukishima tragedy, the great cost overruns in Aussie projects, and the overall desire for NG over coal and oil, and the table is more than set. Against us is the uncertainty than some have that the last steps will be accomplished, the possible push back in production realization (depending if we are doing the first train with EWC), and the still infancy of the LNG industry (cost overruns are a negative here, will US allow much LNG to be exported, etc), and we are where we are.

So we wait, but with all these things are am less anxious at the pps than I was a year ago at that pps.