11-21-2015, 10:13 PM
I wonder where the above TCFE numbers of a total of 8 TCFE at TBR are coming from ? Most likely internal numbers . Will GLJ agree to these numbers in Feb ????Interoil is using a P-50 number or 50 percent probability . If bidders for these properties agree with these size estimates we could see a deal like E/A put together . A down payment , some carried well drilling and a final assessment with a payment like with Total . Would have to include an LNG ownership position for processing the gas like with Total . If the drilling under this new deal took 2-3 years like E/A has the cash receipts would be available before the Papua LNG opens and would bridge Interoil into cash flow from Papua LNG . Cuts down on the odds of a secondary and on the amount of a debt borrowing with another deal . Hession has been talking about another deal since the Friday after the AGM . No news yet though .