'Tree' pid='30078' dateline='<a href="tel:1382438 Wrote:Rex speaks for XOM this week I do believe.
Stated Facts: Translated for those that need concrete-
"The period of exclusive negotiations between ExxonMobil and InterOil, regarding the development of PRL 15 containing the Elk/Antelope gas fields, expired in August. (Hession re-queued the bid process)
InterOil has recommenced a competitive bidding process for a majority share in PRL 15. (More bidders than XOM validating reports of RDS, TOT and recent late arrivals)
We are following the sale process closely and are engaged with key players on potential development options for the gas. (XOM still in the beauty contest)
The Elk/Antelope resource could potentially be a source of gas for LNG expansion or could underpin a new LNG development. (Competetive tension of 2 schemes leverages bids to IOC's favor)
We continue to believe that being an owner of core gas and liquids infrastructure in PNG places Oil Search in a strong position, as new developments take place in the country." (PNG LNG Expansion economics are hard to beat, as we've known, means higher bi
Rex of Exxon speaks Friday this week . Think Calio or Pavel will not ask about IOC??