'admin' pid='26910' datel Wrote:In short, if there is no relation between Exxon discussion and PPL237, we should just drill. But I acknowledge that there might be issues I'm blissfully unaware off, but I think not drilling just to safe capital isn't good enough a reason not to drill, at least not for me.
I certainly agree here. There've been some pretty weird statements made in this thread, like 'shareholders aren't funding the drilling, drilling partners are'. Like those expenses don' show on IOC's books? Just why then does upstream lose a ton of money every quarter? Or 'leave it up to the big guys to decide when to drill'. Great. I'll rephrase the question. Why haven't they?
Or even the general "why bother?" .
Why bother? HuH? Delineate Triceratops to find out how much gas you've got so you can proceed with plans to monetize it. We have 8Ts in Ttops? Well, that means we start building Gulf LNG with two trains in addition to whatever comes out of E/A. 8Ts in TTops means if somebody is going to try to buy you out they know the base price starts with 18Ts already found in the ground. PNG withholding drilling permits? Let me guess why they would do that (if they have). Shell wants to buy IOC on the cheap and they can't do that with 18Ts proven.
Maybe I just share Admin's "bliss".