05-24-2013, 02:42 AM
'admin' pid='22895' datel Wrote:And here is something else to consider. Finding another whopper post-deal will be much more beneficial to IOC as: - LNG plant and infrastructure already under construction from E/A development - No need for IOC to do another big sell down So they can keep more of it while incurring much less cost. Many think Tri is that other whopper already. I think we're not quite there yet with Tri, but then again (considering GLJ's first assessment), I'm not a resource engineer and it does look promising (size of structure, PRE comments, etc.). One good well could make this story materialize before our eyes.
FWIW I sure agree with your thinking . When I look at the maps (all types) that Pet and others provide for us, the odds greatly increase the chances of success in our coming endeavors. Also, I don't think Oil Search is expecting to be disappointed when they are willing to fund our upcoming joint leases (237 & 338) seismic program.

