05-13-2014, 10:39 PM
'jft310' pid='43166' datel Wrote:IOC has said from time to time they "estimate" or "think" they have a certain amount of Ts, but we know that counts for nada. As does (or should) P'nyang for OSH. They officially have ZERO Ts based on info filed with ASX. Unless someone can find something differently.
jft310, I suspect the issue lies with the highlited part.If that actually "counted for nada", then the current PPS for IOC would be nowhere near the current $60 area. Therefor it does count for some smaller something. Under the same reasoning the P'Nyang deposit should also count for somthing (although not full value by any means).It appears that the argument is based on peoples various perceptions. Maybe it is better to just agree to disagree and let things take their natural course over time.One thing I should mention, XOM is the operator for P'Nyang, and both OSH and Santos have mentioned in their documentations (I dont know about Xom, as I dont follow them) that they both believe there is significant gas at P'Nyang so at least I am prepared to base my investment decisions in not only IOC, but also Santos and OSH that the likelyhood of there being around 2.5Tcf of gas there as having a probability of some significance.