12-26-2012, 11:59 PM
Agree; overall good article. The idea of the government using its option of up to a 27.5% additional interest to legitimize the project and enhance interest in the project is an interesting one. With the Chinese loan on the table the option would do just that, making financing that much less uncertain. This supports reports that O'Neill is working to help support commercial pricing on the project. This along with Ant 3 results erase some major uncertainties that remain. IOC has plenty of cash and can focus on getting a deal done. Sounds like they have the money and time to get this right. No hurries necessary.