'Tree' pid='16469' datel Wrote:
'ArtM72' pid='16465' datel Wrote:I'm not planning to leave, but I echo Bert's sentiments. SHU posters certainly should be freely open to express their opinions, but knowing misstatements of fact should not be tolerated. ("Duma and IOC have agreed to all terms to the PA today. Off to the lawyers for language only"Lies might be a powerful strategic advantage of the competition but going there, in my opinion, undermines our otherwise winning advantages. My sincere apologies to JFT if I got this wrong. I hope I am and this apology is due, but I have yet to see ANYTHING that has been correct on timing from IOC or this board. Direction and fundamentals though have been rock solid, a tribute to both the company and SHU. It is a waiting game.
So Art, you really think that terms to a MPA aren't agreed to and are being legally formatted? With bid period ending it makes perfect sense the MPA is wrapped up and the bidders know it and there is no risk in bidding on a project which won't get approved. Virtue is not with the disgruntled that take pot-shots at SHU posters. Best, as Tarules says, 'use or flush' ithe nformation shared publicly here.
Tree -
Let me begin with a grovel. I read the new posting list from the bottom up which made my questioning of JFT's post not only wrong but an avoidable mistake as well. At least I had the sense to hedge the allegation with an apology which I am more than happy to reaffirm right now with my thanks to JFT for his work.
No, I do not doubt that IOC has now issued a clear deadline for final bids, a deadline over which they have control and a deadline which will be final (unless of course a public bidding war erupts). I also do not find any errors in the logic suggesting the PA is wrapped up, thus enabling the final deadline to be set. There is no guarantee of course that some otherwise very attractive bid might be made with T&Cs outside the PA. But for many reasons, including but certainly not limited to pending lease expirations and the value to PNG of providing continuing major LNG construction project employment as the XOM project goes on line, I expect the chances of a significant "non conforming" bid to be small.
Yes, grovel I must, but my faith in IOC and its resource has once more been reaffirmed.
P.S. I especially like the fact this agreement will only be for E/A, leaving out the dinosauer and fish fields. Omega 3s really need to be a part of everyone's diet.