Asset sell down process:
- Throughout the year, investment bankers led by Morgan Stanley & Company LLC, Macquarie Capital (USA) Inc. and UBS AG continued working on the bid process to seek a strategic partner to acquire an interest in the Elk and Antelope fields, the LNG Project and certain exploration licenses.
- Subsequent to year end, on January 24, 2013, we announced that we have advised bidders with whom we have been in discussions that the final binding bid solicitation period for the partnering process currently being undertaken will close on February 28, 2013. Our Board of Directors intends to meet our advisors during March 2013 for the purpose of evaluating bids received and selecting our partner(s) for the development of the LNG Project utilizing gas from the Elk and Antelope fields.
- We have made significant progress with pre-FEED and FEED engineering studies, construction of roads and camps, social mapping and genealogical studies, which will assist in the final partnering and project execution.
- During the year, we have extended the dates in the CSP agreements with Mitsui to provide flexibility for FID.
- During the year, we extended the dates in the contingent LNG Project agreements with EWC to provide flexibility for partner selection and FID.
- The conditional framework agreement with Samsung Heavy Industries and FLEX LNG related to the construction and operation of a planned 2 million tonnes per annum floating LNG processing vessel was not renewed.
Not very much doubt there.
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Heres the 40-F language as to timing
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03-01-2013, 09:42 PM
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Heres the 40-F language as to timing - by jft310 - 03-01-2013, 09:42 PM
RE: Heres the 40-F language as to timing - by Tree - 03-01-2013, 11:02 PM
RE: Heres the 40-F language as to timing - by Tusker - 03-01-2013, 11:05 PM
RE: Heres the 40-F language as to timing - by Tree - 03-01-2013, 11:47 PM
RE: Heres the 40-F language as to timing - by Getitrt2 - 03-02-2013, 12:38 AM
RE: Heres the 40-F language as to timing - by Tree - 03-02-2013, 12:46 AM
RE: Heres the 40-F language as to timing - by Tree - 03-02-2013, 01:09 AM
RE: Heres the 40-F language as to timing - by Getitrt2 - 03-02-2013, 11:44 AM
RE: Heres the 40-F language as to timing - by jft310 - 03-20-2013, 07:17 AM
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