Well, Well, Well....Those Sources Speak

[Getitrt2]

Put yourself In IOC's shoes. If you had a controlling interest in PNG NG would you sell it when your had a strong balance sheet?

Not unless it was Total and you wanted to have them even more commited to FID. " border="0" class="smilie" src="images/smilies/lightbulb.gif" />

Very astute.  The VALUE is in the tie back for a two train LNG Project.  Toss in Stratigic Exploration Partner and recertificaiont upside, we can call it a day with 50/50 ownership.  " border="0" class="smilie" src="images/smilies/lightbulb.gif" />

Let's not forget there is also value in the tieback to PNG LNG via the installed tee in the pipeline across the Gulf.  Wouldn't it be ironic if IOC's first gas came from the dinosaurs and not the ruminants?

According to IOC there is no "installed tee", but that is probably not an important determinant anyway.  I think there also may be some problems with mixing Eastern Basin gas with Western, among other issues.