Update on news when

[Tree]

Wayne Andrews will be at the RJ Conference and speak . He needs something to say  right!?? Expect a deal update at that time , not an announcement but an update, So far we know we have 2 Super Majors , 1 NOC and 1 utility and other talk is their speculation. The price is not public for anyone. But 4 bidders should compel the shorts to continue to cover.

InterOil sets deadline for final PNG bids By Russell Searancke    31 January 2013 23:59 GMT The InterOil-led Gulf liquefied natural gas project in Papua New Guinea has set a deadline for final binding bids to be submitted by companies keen to join. The project must introduce a recognised international operator in order to receive the PNG government’s approval to proceed. Final bids are due on 28 February. InterOil chief executive Phil Mulacek said: “We are pleased to have the continued support of the PNG government. “The interest demonstrated by major oil, national oil and global utility companies remains strong, and bodes well for the conclusion of our sell down of interest in the Elk and Antelope fields and partnering in the Gulf LNG project.” It is understood Shell, Chevron, Eni and possibly Total, as well as some national players have expressed an interest. The project involves a single onshore LNG train of 3.8 million tonnes per annum coming on stream in 2016, followed by a second train.

Are all bids in or do we await the bids from another 2 SM's listed 2.5 weeks ago??

Then again there are those non-conforming bids...

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InterOil sets deadline for final PNG bids

By Russell Searancke

 

 31 January 2013 23:59 GMT

The InterOil-led Gulf liquefied natural gas project in Papua New Guinea has set a deadline for final binding bids to be submitted by companies keen to join.

The project must introduce a recognised international operator in order to receive the PNG government’s approval to proceed.

Final bids are due on 28 February. InterOil chief executive Phil Mulacek said: “We are pleased to have the continued support of the PNG government.

“The interest demonstrated by major oil, national oil and global utility companies remains strong, and bodes well for the conclusion of our sell down of interest in the Elk and Antelope fields and partnering in the Gulf LNG project.”

It is understood Shell, Chevron, Eni and possibly Total, as well as some national players have expressed an interest. The project involves a single onshore LNG train of 3.8 million tonnes per annum coming on stream in 2016, followed by a second train.