12-13-2014, 11:07 PM
JFT, seem like you left out a few key points as to what has changed.
1. Unreasonable to reasonable expectations of the price for which gas can be sold for to a major.
2. A realization that we still have to enter into an agreement to be part owner of an LNG plant. Our shirt maybe handed to us again.
3. A realization that our deal with Total maybe negated by litigation and we may have to negotiate with Exxon to have a part ownership in a LNG plant.
4. A realization of how hard it will be to raise the capital to build an LNG plant in an enviroment of $60 crude prices.