To my mind I can't see how new wells can be drilled in jointly owned property without costs being shared . The carry aspect I would bet goes away just get everyone to pay their pro rata share of ownership . The PNG govt announced they were raising money to buy into Antelope LNG so the idea of a carry must have gone by the wayside . The govt must pay its share of past costs to buy in which are well over $500 million today usually timed at FID. No small amount . Booking our pro rata share of 10-12 T's will greatly increase our ability to borrow money also . It's one powerful footnote on the balance sheet .
Lots of ways to skin the cat .
Negative of certifying more assets would be we might build a 2 train LNG plant at 5 mtpa per train that's been estimated at $20 Billion rough estimate . Or it costs us more to build our ownership share of the plant .