04-15-2013, 05:59 AM
'kommonsents' pid='20732' datel Wrote:I, too, am invested in IOC for the resources for the past 3 or so years and agree with most of Ltinvest's post. However, I am not clear on what rights IOC actually has in the resources now and as of June when the 2009 PA apparently expires. Can someone knowledgeable about this issue please explain it for me?
This has been discussed. 2009 PA will not expire and lock IOC out of an LNG project. IOC, their IB's and bidders are all keenly aware of the 2009 PA and the approved contingent amended PA granted last November. It's not possible that the PA sunset was not addressed in the amendment. The fact there are several, most likely meaning 6 bidders that submitted their binding bids by Feb. 28th is proof there is no short term PA sunset.