06-25-2013, 08:05 AM
FACTS:
IOC is finalizing a deal with the largest energy company in the world.
The deal is very detailed and complicated and is being put into legal framework.
The deal with XOM is for much more than 4.6T -or- there will be more LNG deals following.
The deal will either close or not close.
PNG LNG partners cannot prevent, nor is there incentive to prevent, XOM feeding PNG LNG expansion with E/A gas.
What IOC states regarding the deal is XOM and CA approved.
IOC licenses will not expire and be rescinded.
The 2009 PA does not expire next week, rendering the project void.
This moment in time is exactly where all lamented IOC was previously not.
If IOC has the resource, it will be sold and that sales price is not reflected in the $/Mcf of the pps.
If IOC has the resource and IOC is finalizing a deal with XOM a great buying op is front and center.
Some horses are battle ready, some horses are spooky.
IOC is finalizing a deal with the largest energy company in the world.
The deal is very detailed and complicated and is being put into legal framework.
The deal with XOM is for much more than 4.6T -or- there will be more LNG deals following.
The deal will either close or not close.
PNG LNG partners cannot prevent, nor is there incentive to prevent, XOM feeding PNG LNG expansion with E/A gas.
What IOC states regarding the deal is XOM and CA approved.
IOC licenses will not expire and be rescinded.
The 2009 PA does not expire next week, rendering the project void.
This moment in time is exactly where all lamented IOC was previously not.
If IOC has the resource, it will be sold and that sales price is not reflected in the $/Mcf of the pps.
If IOC has the resource and IOC is finalizing a deal with XOM a great buying op is front and center.
Some horses are battle ready, some horses are spooky.