Cott may turn out to be a very successful company in PNG, after IOC and OSH have pioneered and shown the way, but I think there is something hilarious about this, while at the same time somewhat pathetic and sad. IOC has been viciously criticized and attacked for many years for supposedly hyping itself with "numerous" overly optimistic and premature press releases, projections, etc., a gross distortion and exaggeration imo. Here we have a company not only actually issuing RESOURCE PROJECTIONS before they even have enough seismic to get "prospects" to "drill ready targets", but "furthering plans for an LNG operation"! Classic! Maybe they can partner with EWC! Sounds like another great long-term target for shorts if public. IOC should get a commission on any capital they have raised from outsiders. HA!
Is their lease also in the mountains? I think Tree was also raising a good question about those gas estimates and the costs, and I don't think he was trying to say only IOC can find significant gas or question anyone's competence.
Is their lease also in the mountains? I think Tree was also raising a good question about those gas estimates and the costs, and I don't think he was trying to say only IOC can find significant gas or question anyone's competence.