01-29-2016, 11:05 PM
'Li'loilady' pid='66316' d Wrote:It would appear that Total is not "slow drilling" in order to delay the inevitable cert. pymt.
There's a good pic of a well groomed (a la Total) Ant-6 site on IOC's homepage.
Total's cost of capital is so low these days that many of us are over-estimating the difference to Total of paying for the larger amount of gas in the first certification or after the second one (5 years later, my guess). Much more important to them (and their bankers) is certainty of the resource and pre-sale pricing, which leads to A7, slowly, so that the gas market recovers.