'CAC' pid='22198' datel Wrote:I FIXED THIS...
[WE THINK/HOPE] IOC and partners have nothing to worry about regarding any license extensions, PRL or PDL approvals, JVOA approvals or selling a stake or building an LNG project as long as IOC works in good faith operating within the legal nature of the PNG O&G Act and subsequent agreements [WHICH WE THINK/HOPE PNG AGREES THEY ARE DOING] .
1) [WE THINK/HOPE THE] 2009 PA will not expire leaving IOC without a PA
2) PDL's are not granted they are earned. [WE THINK/HOPE PNG AGREES THAT] IOC is doing as needed to earn the approval and that cannot happen until new partners are named and project is FID ready in detail.
3) [WE THINK/HOPE] Exploration license extensions wil be granted as IOC continues to work in good faith within the legal frmework to earn those extensions.
4) PNG has the safest type of O&G legal framework for IOC and others to operate within. Subject to legislation, not case by case [political agreements.
5) WE THINK/HOPE RDS IS ETHICALLY ABOVE TRYING TO USE THIS ISSUE IN A WAY THAT HARMS IOC...OR THAT PNG IS NOT SUSCEPTIBLE TO IT.
That's what makes a market. Diferent levels of understanding risk. Bet you our thinks/hopes pan out just fine. In the meantime it's more exciting for some to worry about everything.