1) Seems right.
2) Simply a guess in my opinion.
3) Does it take 6 years to build a plant with a predetermined site and completed FEED for the associated CSP? Sounds like an awfully long time. Maybe #1 should be reconsidered if true. The original Exxon plant was scheduled to be on line in 4 years (http://www.hydrocarbons-technology.com/projects/pnglng/). Interestingly, this article also stated the Exxon project was to be "underpinned" by Elk/Antelope.
4) If IOC sells more than 50% of E/A (a "non-conforming bid") it will be be because they are under pressure to get the deal done, and likely the price would be at higher than $2.50/mmcf price simply because IOC wants a greater share of the pricing above the nominal $2.50. As everyone at the AGM seemed to agree IOC is under pressure to get "the deal" done in order to set itself up for its future independence.
5) Only if less than 35% sold. See #4.
6) Gas contracts go to Asia, construction and operation goes to western supermajor. My guess in order of likelihood is Exxon, Shell, Chevron. Exxon needs gas for its plant, Shell is losing its Russian fields and Chevron, well they've been shaking hands around the government offices.
7) Mitsui sells its interest?
8) From where to where? If he's suggesting from Port Moresby to the Gulf Petroleum Park, I'd agree. The solid limestone bluff pointed to by Phil and others at the AGM sounds like an awfully good place to build.
9) In the many possible paths forward an additional of one or more 20% selldowns of T certainly is possible. Kind of a no brainer.
2) Simply a guess in my opinion.
3) Does it take 6 years to build a plant with a predetermined site and completed FEED for the associated CSP? Sounds like an awfully long time. Maybe #1 should be reconsidered if true. The original Exxon plant was scheduled to be on line in 4 years (http://www.hydrocarbons-technology.com/projects/pnglng/). Interestingly, this article also stated the Exxon project was to be "underpinned" by Elk/Antelope.
4) If IOC sells more than 50% of E/A (a "non-conforming bid") it will be be because they are under pressure to get the deal done, and likely the price would be at higher than $2.50/mmcf price simply because IOC wants a greater share of the pricing above the nominal $2.50. As everyone at the AGM seemed to agree IOC is under pressure to get "the deal" done in order to set itself up for its future independence.
5) Only if less than 35% sold. See #4.
6) Gas contracts go to Asia, construction and operation goes to western supermajor. My guess in order of likelihood is Exxon, Shell, Chevron. Exxon needs gas for its plant, Shell is losing its Russian fields and Chevron, well they've been shaking hands around the government offices.
7) Mitsui sells its interest?
8) From where to where? If he's suggesting from Port Moresby to the Gulf Petroleum Park, I'd agree. The solid limestone bluff pointed to by Phil and others at the AGM sounds like an awfully good place to build.
9) In the many possible paths forward an additional of one or more 20% selldowns of T certainly is possible. Kind of a no brainer.