What I think. FWIW

[Putncalls]

I respect your knowledge, but ot compare this to the global average with the knowledge of the area is very naive imo., despite your knowledge in the SM general knowledge. May I  remind u that SM's tromped over this turf for many years...   This is like me compariing my overall knowledge in my area to investment opportunities. Iearned long ago not do that.  Same for Sam Adams, who things he has it figured out.  fwiw   trans

Trans,

When the SMs were "tromping around" PNG they were looking for oil. NG was an energy source to be flared.
LNG really didn't become a significant energy source until the early 90s. NG only became popular 20 years after(70s);
Shell left PNG, in the US because of a pipeline network and the OPEC oil embargo.

http://en.wikipedia.org/wiki/Liquefied_natural_gas


http://en.wikipedia.org/wiki/Liquefied_natural_gas