02-19-2013, 05:54 AM
I doubt he'll have anything more to say than he did down in FL. Maybe we'll hear something about Triceratops and updated resource estimates. That wouldn't disturb the bidding for E/A although it might impact any potential buyout offer. Recalling that Phil et al really seemed to want to continue exploration after the selldown I doubt they would be inclined to do anything to advance the potential for an early buyout.
Another thing about the buyout potential. I suspect PNG would have grave reservations about a buyout by anyone other than XOM. PNG wants jobs and income. A buyout offer by anyone other than XOM (at least without an XOM takeoff agreement at the tee) would likely push the project timeline backwards, possibly substantially. This is of course pure speculation. Time will tell.
Another thing about the buyout potential. I suspect PNG would have grave reservations about a buyout by anyone other than XOM. PNG wants jobs and income. A buyout offer by anyone other than XOM (at least without an XOM takeoff agreement at the tee) would likely push the project timeline backwards, possibly substantially. This is of course pure speculation. Time will tell.