12-07-2013, 06:51 AM
'admin' pid='33281' dateline='<a href="tel:1386361 Wrote:["I dont think we are getting 1.29 on anything found in the "discovery well"...just the 100 mill per 1TCF after the first TCF. Hession said everyone involved(all bidders) were licking their chops over the "elephant" they think they have found with seismic work already done."] Yea, that's how I understood it as well and it's the only part of the deal I don't like either. I've long favored to sell of all of E/A and with the money simply to do a lot of exploration and feed that to one, or both of the LNG plants (providing the new E/A owner would build one, but why wouldn't they), or partner again for LNG participation. In that case we wouldn't have to sell elephants (in PRL15) for pennies. Luckily we still have chances in the other two licenses. Anyway, that's all history now
Yes, unfortunately I agree Croozer/Admin. First read missed the "appraisal" requirement and according to SPA appraisal wells are only applicable to EA portion of PRL15. Discovery Bonus applies to other other Ts within PRL15. As you say STP we have other very good prospects to go. What will PRL39 bring? Time will tell. Good catch Croozer