'Putncalls' pid='53950' datel Wrote:ANT 6 delays certification. I wonder what triggered the A6 decision?
- More money at certification, probably significantly more and enough more to warrant a few months delay in payment (which is not needed sooner anyway), with part of the drilling planned to be simultaneous with extended flow test at Antelope 5 in conjunction with response measurements at other wells (as well as completion of Antelope 5 possibly, assuming a different rig), and without affecting progress on the LNG project.
- I think A6 could contribute to confirmation of adequate resources at E/A for a third train. Upstream's recent article indicates that Hession told them that they are drilling a series of appraisal wells that will tell us whether we will have two or three trains. I don't think any of the analysts have a third train in their projections and price targets, and I think that would be huge.
- Keep in mind also there is a carry for A6 by Total.
- Bottom line, I also think with all that in mind A6 could significantly enhance the stock value of IOC in the upcoming year.