(05-27-2014, 12:41 AM)sydbod Wrote:
(05-26-2014, 11:29 PM)Palm Wrote: Relax, or maybe it's time for you to sell your OSH and Santos shares on which you have done very well. I fear your next concern may be earthquakes in PNG.Uggggggg, dont say that. My worry then would be the tax I would have to pay.
As you probably have noticed, I am a "glass half empty" sort of guy, rather than a "glass half full" type.
EDIT: just a quick heads-up, I have a reasonable confidence (75%) that from the 28th of this month including the following 10 days from that date, there will be significant news presented dealing with IOC. I wont be around at that time, so it will be interesting to see what happens in that time slot, when I return.
sydbod, good news or bad?
Also, no one on this board has ever given a rational via a level 2 schedule on the time reduction if IOC went with PNG LNG. I don't think IOC would save additional time by going with PNG LNG.
As for XOM being out of the E/A gas; there just is not enough money for IOC to join the PNG LNG partners. In order for that to happen either XOM was going to have to ovel pay and therefore take less return on their investment or IOC would have to take less. Neither one of those things were going to happen.
The only way for IOC to end up at the PNG LNG is via a buyout.
Good luck longs.