04-26-2013, 05:18 AM
'jft310' pid='21435' datel Wrote:David- The PRE slides state they are dilling 3 wells this year and 7 more next year. That therefore must mean PRE plans to drill those wells and also they expect to sell a slice of what they already own to someone else. Why can't Shell or Exxon or Total buy into 237 and PRE sell a portion to the winner at a premium to what they paid.
We're saying the same thing. PRE owns 10% of 237. One of the bidders convinced the PNG gov't to push IOC to sell a serious chunk, presumeably to guarantee gas supply for both a Gulf plant and for extra trains for Exxon. My point - we don't need Elk results to complete the deals, we have the gas from 237.