06-05-2013, 12:49 AM
'jft310' pid='23714' datel Wrote:Price stated above may be the cash price.
I have to think you're right on this JFT. To me, if IOC gets $4 billion, has already spent a half billion and has to come up with another $1 billion suddenly you are back looking at $0.75/mcf, a rediculous number even if it does facilitate $1/mcf of condensate revenue and the ability to book the remaining reserves.
Time only will tell. Just hope they aren't serving bait fish for lunch down in Houston.

