10-29-2015, 02:02 AM
It's not just the extra money Interoil might receive next year it's the concentration of assets which lowers the costs to develop the asset . Improves the timing of the monetization. I guarantee the highest return on investment projects just like a magnet will attract the earliest monetization . If you are on a BOD and money was tight where would you chose to invest ??
All the data we see from independent sources like Wood Mac say we are cheapest to develop.
Especially if you have higher cost projects that need a cheap project to keep your LNG portfolio in the black during the roller coaster price rise .
This is the plant that gets built others with higher costs may not see the light of day .
Just look at BP who reduced spending by $7 Billion or so but is still spending $19 Billion .
Total has promised in Nov 2015 to update their future spending on LNG projects . Papua LNG was a top 3 Total LNG priority last quarter . Some will be surprised it appears at the interest level Total has in doing the Papua project . Bring it on .
All the data we see from independent sources like Wood Mac say we are cheapest to develop.
Especially if you have higher cost projects that need a cheap project to keep your LNG portfolio in the black during the roller coaster price rise .
This is the plant that gets built others with higher costs may not see the light of day .
Just look at BP who reduced spending by $7 Billion or so but is still spending $19 Billion .
Total has promised in Nov 2015 to update their future spending on LNG projects . Papua LNG was a top 3 Total LNG priority last quarter . Some will be surprised it appears at the interest level Total has in doing the Papua project . Bring it on .