'ArtM72' pid='25991' datel Wrote:
'Tree' pid='25989' datel Wrote:
Yes RA and what I like is Duma's weight is behind IOC's LNG 'optionality' and the best for us shareholders is a stake in PNG LNG expansion and a tidy ~30% stake in our own Gulf LNG project also. Duma agrees with Hession and that is to make IOC into an LNG player.
Duma will say and do anything to keep this project from moving forward. His constantly changing positions have been a thorn in IOC's side ever since Somare left office. Nothing he says can be taken at face value. We can only hope he continues to put himself further out on the margins and O'Neil takes strong hold of the situation. IOC needs to build a plant in the Gulf, but only AFTER it signs the deal to send Exxon its gas. Delays in drilling are not helping this scenario but maybe the new seismics in NW Triceratops are.
Agree on the Gulf plant and when it's built. There will be no drilling until XOM wedding. Duma won't be going anywhere and he will look good in the end.