My two cents......what's going on, if anything now. Gulf LNG morphing into a new entity owned by ioc, tot, osh and another sm(s). This would accomplish the following:
- Be a separate company from PNG LNG and make two independent entities forming the LNG backbone of PNG
-This would allow xom to be included if it were a minority owner and someone else was the operator.
-This would please PNG govt and solve the monopoly problem PNG wants to avoid.
- IMO, it would also speed development of nat gas resources in PNG, and raise GDP and employment there.
- If anything, this makes the most sense to me and if anything is going on on the drawing board, this makes the most sense.
- Would form a very competitive PNG to asian markets, and a very financially solid company.
-Create a nice run in our stock and put the whole project on very solid footing.
-Think about this.....
-Be careful, someone for some reason, is accumulating ioc.