IOC's Lynn on Total Schedule

[wapitidropiti]

I might procrastinate on that 2 billion payment if I was Total.

However, you are not, and cannot know their internal dynamics and thinking.  I think they have higher priorities and processes they have planned, staffed, and budgeted for, including those payments.  I think part of what Lynn was trying to say is that those certifications are part of the process and are needed to proceed with and complete Basis of Design and FEED, and Total would not be undermining the process and the JV by improperly trying to "procrastinate" on their obligations. Also, jft is right about deadlines in the SPA for certification.

Thanks for the research and feedback.

I am not so naive. The oil bidness is an "eat what you kill business". Remember Dec 13th -Total threw us under the Bus. They will do it again and buy the pieces at a discount. Same goes for XOM. Why help the competition? Anybody remember the history of Standard Oil? Their business strategy was "seek and destroy". I'm holding and waiting but only for IOC to prove up our assets-nobody is going to throw us a bone. We have to provide an alternative path which is to build our own LNG plant. Until then we are in their (SM) sights.