07-08-2013, 10:30 PM
Facts:
ennerOle is selling minimally 4.6T of gas to XOM
XOM will pay for at least 4 more delineation wells in E/A PRL 15.
Those wells will determine XOM's %stake in PRL15
ennerOle has 'optionality' to proceed with Gulf LNG -or- proceed with additional development with XOM
Gulf LNG with EWC/FLEX has been FID ready since Dec. 2011
OTers for Gulf LNG are in place.
OTers = project financing
ennerOle is selling minimally 4.6T of gas to XOM
XOM will pay for at least 4 more delineation wells in E/A PRL 15.
Those wells will determine XOM's %stake in PRL15
ennerOle has 'optionality' to proceed with Gulf LNG -or- proceed with additional development with XOM
Gulf LNG with EWC/FLEX has been FID ready since Dec. 2011
OTers for Gulf LNG are in place.
OTers = project financing

