OSH needs to contract Phil M and Dave Holand on a loan basis to find more assets. IOC is in a very strong position.
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Two in the hand... one in the bush?
With E/A able to supply two tains, what will become available from Triceritops? A 120 sq mile formation, is is great to know that InterOil and Oil Search are keen to get those seismic lines out.
Not to late for XOM to... "buy the future"
Cheers
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Agreed. We know it takes a certain quantity of gas to make a new plant economically viable. If IOC reduces the amount it has via a lucrative deal for additional trains with XOM, it may also be affecting it's later options. My guess is that IOC wants a global plan in place (either with XOM or another partner) right now while their options (and bargaining power) remains elevated.