05-01-2013, 01:49 AM
Quote WA all bidders are using GLJ. Not sure call and ask him. The GCA numbers were updated after the last well year end 2012. The original GCA estimate which only 9 pages were published stated in the undisclosed part that IOC would have 8 plus T's after more drilling was their estimate. Source WS analyst. Both reports stated IOC had sufficient NG for 8 mtpa plant. Thats two trains. And this ignores the condensates and IOC owns a refinery. How many persons are including condensate production at 30,000 barrels a day. Best to revise up those estimates. The govt only takes 50% if IOC doesn't chose a Super Major. We have reports of 3 SM'S. Why not chose a SM ??
The mistake retail investors make is they sell to soon and count their cash pile.
The purpose of this thread is to make persons focus on 30 years of LNG production and the condensate production. Many unknowns today . But the last full Morgan report had IOC's NAV at $235. Macquire was $215, RJ at $100 before the deal and Westlake $115 before the deal. All will put out full reports after the deal to explain the deal and give targets. One needs to read and understand before pulling the trigger. Part of the stocks move up will come post the FID.
The mistake retail investors make is they sell to soon and count their cash pile.
The purpose of this thread is to make persons focus on 30 years of LNG production and the condensate production. Many unknowns today . But the last full Morgan report had IOC's NAV at $235. Macquire was $215, RJ at $100 before the deal and Westlake $115 before the deal. All will put out full reports after the deal to explain the deal and give targets. One needs to read and understand before pulling the trigger. Part of the stocks move up will come post the FID.