09-04-2014, 04:04 AM
'Getitrt2' pid='49137' datel Wrote:I believe Hession projected FID and start of construction in 2017, which I think they can do, and probably by early in 2017. However, if someone wants to buy the Company before then for $200+ per share, that may be fine with me, depending on how much more they discover before then. On the subject of financing he spoke about contacts they already have with major banks around the world, and I believe mentioned already having indications of interest on involvement in LNG project financing. That is a major part in being able to reach FID, and I think is an early indication of how effectively this extremely experienced management team will be able to move toward that. I also think they have every intention of expediting that process to the maximum extent possible. Furthermore, Hession expressed high praise for the capabilities of Total in that regard, the high priority he expects them to give this project, and the way they are already in country and working toward that. He also discussed their recent meeting with PM O'Neill, who expressed his full support and his desire to move ahead with the project and get it done. I would say the PM is delighted to have the French international major in PNG and ramrodding this project, while IOC drills for more gas, and while OSH and Exxon are drilling for more gas for PNG LNG.
Getit- Congratulations on your very concise and informative post. Shows no anger and producing good points. A pleasure to read so many respectful posts lately. Kindness goes a long way when some of our folks on our board endure waiting...."not very well". Best of luck to you and yours.