01-29-2014, 04:43 AM
OSH to me is on the outside looking in. For them to still be talking about this but yet still saying PNG LNG expansion depends on P'nyang, is more than a bit hollow. If they were talking about Tri as a possibility of working with Total/IOC, that could make some sense, since they are doing joint-seismic work. But all they say are "discussions" are taking place, not "negotiations". Doesn't sound very deep. OSH needs some hype and they got a little from thier release today; but they are still only at A $8.26 with the clock ticking toward March. Their only real potential right now (near term) are the wells they are drilling outside of PNG. And they received that opportunity from IPIC/Abu Dhabi, a relationship that's very important to OSH.