12-08-2013, 06:43 AM
Another scenario is that both IOC and TOT sell down 19.3% (or more) each to XOM for PNGLNG train 3 (or enough gas) including some ownership in the PNGLNG sales for an earlier revenue stream.
While that is going on, the delineation wells can be drilled and the deal finalized and more exploration carried on.
The delineation and other wells may also turn up more gas for train 4 at PNGLNG.
Meanwhile, planning and engineering for the Gulf LNG plant is underway.
Early monetization for IOC, TOT and PNG, gas for PNGLNG, lower costs for TOT and IOC, and a smooth cash flow for all plus a Perfect Storm for trapping shorts. WinWinWin
While that is going on, the delineation wells can be drilled and the deal finalized and more exploration carried on.
The delineation and other wells may also turn up more gas for train 4 at PNGLNG.
Meanwhile, planning and engineering for the Gulf LNG plant is underway.
Early monetization for IOC, TOT and PNG, gas for PNGLNG, lower costs for TOT and IOC, and a smooth cash flow for all plus a Perfect Storm for trapping shorts. WinWinWin