08-13-2013, 11:37 PM
He brings strong focus and execution.
Key nuggets:
- e/a is biggest discovery in Asia in 20 years (we knew this but great to hear)
- easy to get distracted...we are focused on strategic partnerships (i.e. get major partner ahead of discoveries ...not after! and ramp up exploration.
- we are still in "exclusive" negotiations with XOM
- non operated LNG is our niche...find it, sell it down to get future non op LNG revenues
- looking at taking on debt to enable exploration...presume this is to eliminate any negotiating levers potential partners might have or think they have
- no details on XOM deal. Smart approach...it only feeds the lions. And until there is a deal, various details will not move the stock!?
Key nuggets:
- e/a is biggest discovery in Asia in 20 years (we knew this but great to hear)
- easy to get distracted...we are focused on strategic partnerships (i.e. get major partner ahead of discoveries ...not after! and ramp up exploration.
- we are still in "exclusive" negotiations with XOM
- non operated LNG is our niche...find it, sell it down to get future non op LNG revenues
- looking at taking on debt to enable exploration...presume this is to eliminate any negotiating levers potential partners might have or think they have
- no details on XOM deal. Smart approach...it only feeds the lions. And until there is a deal, various details will not move the stock!?