12-20-2012, 09:52 PM
sir bincma yahoo
es Ed the BoD Meeting is definitely scheduled for the next two days. BoD members from outside the US have arrived in Houston to attend the sessions.
Topics for disussion, I believe, are likely to be, among other things:
1. Forward drilling program beyond Antelope 3 and Elk 3
2. The PNG Government's acceptance of the new project parameters - Gulf location and staged project development starting at 3.8 million tpa LNG
3. The additional percentage of E/A that the PNG wants to acquire at market price
4. Select the "Operating Partner" (different than the Sell Down Partner)
5. Reach FID for IOC's portions of the LNG Project (pipelines, jetty, storage, etc and etc)
6. And of course .... Reviewing and selecting from the firm bids that have been tabled now that NEC approval was finalized this week. Comparison is very difficult since long-term value must be weighed against near term benefits to IOC.
We can all hypothesize on who has submitted firm bids for E/A from which the BoD must choose the Sell Down Partner:
+ PTT ?
+ Chevron ?
+ Total ?
+ JKM Consortium ?
It there are only two left, then we could see a decision made soon.
If there are still multiple choices it may still be too complicated to reach a decision and reveal the outcome by December 28.
I'm prepared to wait until the end of March if need be.
OR ... we could see pre-emptive bids by others to acquire all of IOC .... one never knows.
es Ed the BoD Meeting is definitely scheduled for the next two days. BoD members from outside the US have arrived in Houston to attend the sessions.
Topics for disussion, I believe, are likely to be, among other things:
1. Forward drilling program beyond Antelope 3 and Elk 3
2. The PNG Government's acceptance of the new project parameters - Gulf location and staged project development starting at 3.8 million tpa LNG
3. The additional percentage of E/A that the PNG wants to acquire at market price
4. Select the "Operating Partner" (different than the Sell Down Partner)
5. Reach FID for IOC's portions of the LNG Project (pipelines, jetty, storage, etc and etc)
6. And of course .... Reviewing and selecting from the firm bids that have been tabled now that NEC approval was finalized this week. Comparison is very difficult since long-term value must be weighed against near term benefits to IOC.
We can all hypothesize on who has submitted firm bids for E/A from which the BoD must choose the Sell Down Partner:
+ PTT ?
+ Chevron ?
+ Total ?
+ JKM Consortium ?
It there are only two left, then we could see a decision made soon.
If there are still multiple choices it may still be too complicated to reach a decision and reveal the outcome by December 28.
I'm prepared to wait until the end of March if need be.
OR ... we could see pre-emptive bids by others to acquire all of IOC .... one never knows.