'Getitrt2' pid='19093' datel Wrote:Tree, I guess you want to perhaps understandably downplay expectations, and I realize 41 days is a possibility, and I know Phil made that "we should know much more" statement in the conference call. However, the question he was responding to was NOT the one specifically about the "sale process", but rather the more extended process of determining with the new partner the technology and construction path and time frame for the LNG plant, moving toward FID; and I don't think linking that response and time frame, a more extended "deadline", to this article and the "sale process" is any more appropriate than saying they put any deadline on it. It's true they did not, but there was an implication that the Company and its BOD would work with the IB's and attempt to complete the complex sale process in March if feasible. I'm not counting on it, but I think there is still reasonable hope for that; I wouldn't bet against it, either.
Getit,
The context of Phil's answer of 30-60 days was a nicer way of saying 'How long is a piece of string Pavel?' twice. It is impossible to seperate the 'sales process' from the partner/technology and construction path. The 'sales process' reveals the partner/technology/construction answers. Phil went off script to answer Pavel who asked 2 impossible questions to answer as IOC hadn't even seen the bids! Phil told Pavel 'That's like asking how long a piece of string is' at the first question and Pavel followed up with another question asking Phil how long the string is.
There has been initial bid presentations and there will be counter proposals and attempts by IBs to raise the bid terms of all the bidders. That will take time and it could be completed anyday or in 6 mos. No one knows for sure.
"However, the question he was responding to was NOT the one specifically about the "sale process", but rather the more extended process of determining with the new partner the technology and construction path and time frame for the LNG plant, moving toward FID; and I don't think linking that response and time frame, a more extended "deadline", to this article and the "sale process" is any more appropriate than saying they put any deadline on it."