05-24-2013, 10:20 PM
'CesiumFormate' pid='22962' dateline='<a href="tel:1369397 Wrote:I believe that there is a good chance that IOC will never build a plant. The next best step will be to monetize Triceratops with Oil Search / Total. Who needs the stress and risk of the LNG plant? Leave that to the big boys. CF
this may be the reason Phil decided to retire. If IOC is not going to proceed with building a LNG plant and instead will sell gas before liquefaction we will in essence be leaving a lot on the table. This comment is not to say that we will not be profitable but thoughts of $14-15 gas in the Asia market should be dispelled.
There are a lot of questions that need to be answered.