04-18-2013, 10:20 PM
'jft310' pid='21012' dateline='<a href="tel:1366285 Wrote:Everyone including me appreciates PET.Period the end 04-15-2013, 09:19 PM (This post was last modified: 04-15-2013 09:24 PM by Tree.) Post: #1 Tree Totalitarian Jr. Analyst Multi-id Cloner Posts: 2,333 Joined: Dec 2011 Reputation: 160 Mkt. Prefers Rumors - Here's Rumors 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?
$1.40/mcf sounds realistic as a buyin but not likely the final bid. It would seem if you go to $1.80-$2.00/mcf you might just as well buyout the whole company...time will tell