03-06-2012, 05:25 AM
Just listened to call and a few things:
1. WA would not be the guy you want giving a pep talk to your team right before a big game. Good info, but pretty vanilla.
2. Likes Wayne's comments on political situation; do not get the feeling that elections will hold up moving ahead. If JKM or whomever can agree on terms with IOC, it sounds as if the gov will approveof them, but question is startup volume. How will they satisfy what gov wants if they will require 7.6mtpas at startup?
3. EWC most likely in especially with JKM. I think Mr Chandler's move says a lot about his confidence.
4. Still think the issue of FLNG being acceptable technology is not the issue. Petromin will be more likely to be favorable as long as their FLNG is first. FLEX could be the add'l 2mtpas that gets us to startup government wants.
5. Will be interested in hearing both Pet's comments when he gets a chance, and Dr Wu's from the breakout and possible one-on-one with WA.
6. The $3/mtpa that XOM got for in-the-ground gas can't be a sticking point for our SD. Will be very hard to match that given we are not XOM.
7. Will Pavel update this week or wait until we get first drilling update after reef is penetrated?
1. WA would not be the guy you want giving a pep talk to your team right before a big game. Good info, but pretty vanilla.
2. Likes Wayne's comments on political situation; do not get the feeling that elections will hold up moving ahead. If JKM or whomever can agree on terms with IOC, it sounds as if the gov will approveof them, but question is startup volume. How will they satisfy what gov wants if they will require 7.6mtpas at startup?
3. EWC most likely in especially with JKM. I think Mr Chandler's move says a lot about his confidence.
4. Still think the issue of FLNG being acceptable technology is not the issue. Petromin will be more likely to be favorable as long as their FLNG is first. FLEX could be the add'l 2mtpas that gets us to startup government wants.
5. Will be interested in hearing both Pet's comments when he gets a chance, and Dr Wu's from the breakout and possible one-on-one with WA.
6. The $3/mtpa that XOM got for in-the-ground gas can't be a sticking point for our SD. Will be very hard to match that given we are not XOM.
7. Will Pavel update this week or wait until we get first drilling update after reef is penetrated?