From 3 sources in different US and Asian timezones:
Report on breakout session today:
WA made a point of stating PNG transactions have been from $.80-$1.20/Mcf .- Why say that unless IOC can beat it?
WA alluded to a fully funded 8 well annual drilling program - Wowzer.
Some say rumor of a $3-$4 billion transaction. - Is this 25% of PRL15?
WA quoted:
|
"We've got good interest and great advisers and should be able to announce something soon (soon = speedily, without delay, immediate)," |
Some say SM will be operator as choice is between 2 now - SM yields larger pps pop upon announcement
IOC received PNG JVOA approval for LNG project - if true this is huge 
Last weeks rumors:
IOC ready to announce Shell as partner
~$1.40 Mcf bids
IOC BoD headed to PNG this weekend.
Q: Put it all into the rumor grinder and what comes out?
A: Insighter Info.
So what happens and when kids?
What have others heard?