(03-20-2014, 12:05 AM)Tree Wrote: Plan all along was to feed XOM expansion and host a 2nd LNG Project,........
Hi Tree,
Just a bit of wild speculation on my part.
PNGLNG plant was originally designed to take 5 LNG trains.
Now let us make a wild assumption for the moment and assume the possibility of XOM getting a slice into PRL 15 from the current stake holders somehow (some sort of sell down).
Let us also assume PRL 15 proves up enough gas for 2 LNG trains and the current partners of PNGLNG scrape together and prove up enough gas for one train from their own resources.
If these resources together providing enough gas for 3 trains (the extras what PNGLNG is designed for) and with XOM also a stake holder in PRL 15, the probability of the E/A gas being directed to PNGLNG plant would be high.
This would give IOC a stake around 15% into 2 trains at PNGLNG and some more money also from XOM buy in. It would leave all the other IOC gas resources looking for a stand alone LNG plant at a later date when they get proved.
It would bring E/A gas on line faster than otherwise.
It would increase the PPS of IOC possible faster than any other development path and bring it ramping up to $300 to $400 mark within a few more years.
(or am I dreaming too much?)
EDIT: UGGGG jft310 .... you were too fast for me.
