05-11-2013, 04:03 AM
'jft310' pid='22211' datel Wrote:Let me be direct. Before I invest I meet mgt . I met IOC mgt and bought a large positions. I do not get inside info but I do get color that is 100% legal. I have talked to WA and another Senior IOC exec about the licenses and they have zero concerns about extensions. A history lesson will help you understand. These same Super Majors had the IOC licenses and did nada as in nothing with them. The PNG govt pulled those licenses from these same Super Majors and gave them to IOC. Since that gift IOC has spent over $500 million dollars on those licenses. And has found 10 t's of NG and liquids and the majors found nada as in nothing. IOC is viewed as a local company by the govt as they employee over 800 local PNGers. IOC will get what it wants as far as licenses. They will have to use the big boys to build their LNG . Ok all in all a HUGE win. Instead of opinions one might email WA and get a CC and ask him directly about this as I have done. The shorts want the longs to worry about this and well if do you need to ok but you might pull your head out of the sand and get direct answers. Not Short BULL!! There is nothing wrong and as the leaked stories state IOC has a literal bidding war going on. Bids are going up as the IBers pit one vs another.PRE paid $3.85 per mcf .Thats a hint!!! The discounted present value per Morgan Stanley is $2.65 using reasonable discount rates. Not sure see the Morgan report posted in these pages. Geez guys check things out to protect your investment. Please. Ask the man or freak out your call!!!
JFT..did PRE pay 3.85$ ?...I thought that was 2.85$?...