Agree TA, the negotiations could well continue into the new year. Hardly surprising considering what's at stake.
1. IOC's banking BIG on PNG LNG - It's their first gas deal, first of many one hopes, got to get this right, sets the benchmark. Plus:
2. XOM's banking BIG on PNG LNG, said so in their CC. Almost certain that other IOC prospects are in the mix. Plus:
3. PNG is banking BIG on PNG LNG - the future of their economy rides on it. Plus:
4. The multitude of other considerations - PNG LNG partners, obstruction from DPE and associated politics, more politics, fate of preexisting IOC agreements, change in IOC management, change in IOC priorities, etc.
Any Fugazi fans? "I am a patient boy, I wait, I wait, I wait, I wait"
Brew