02-26-2016, 12:07 PM
Hession
*Caused the price of oil to drop 70 percent .
*Caused LNG prices to drop from $20 to $8 .
*Caused a global slow down including China .
*Had full control of the size of the asset getting larger causing more time needed for a proper certification.
*Maybe not most would say about the above .
*The GCA report is from 2013 look at the Oil Seach PR I reposted from 2014 deal with PAC.
*David Harris of GLJ is one of the best reservoir engineers in the world see their client list it includes Exxon . Hession inherited GLJ. Small shop not large enough for the big banks .
*The GCA report will be updated by July ,says Oil Search as well as a new extimate from NSAI.
*There are more than 2 years additional seismics and drilling and testing to add to the GCA estimates
*Oil Search had reasons to want a low number in 2014 . Today they would want a large number to work on the synergies between PNGLNG and Papua per Oil Search Earning call .
*Most important read what PET posted from the full Oil Search call , the question from Nik Burns UBS . Oil Search clearly stated they would have a very good feel for asset size in the next 2,3 or 4 weeks . Yes Oil Search is gonna get on board . Whatever the number may be .
*Most of Interoil's 4 million acres was submerged under the China Sea for 100's of years and deposits were made , with some reefs formed which included dolomite . At one time Phil M had slides showing a possible 13 reefs on our acreage .
Over time the 4 million acres will be explored and more assets confirmed .
*The hardest deal , the hardest plant is the first plant and that's exactly what's going on now but we now have the expertise of Total which in their call was clear they want this plant .
*Pull the year end institutional ownership and ask why are most not all of the big boys holding onto Interoil . It's a percentage of their holding not their only holding .
*Total stated they will finalize the appraisal this year 2016 . Some might want to look up the definition of the word final . Remember this is Total speaking not any of the other partners .
* Sure sounds like this is finally Interoil's year to partially recover in price as oil prices and LNG prices recover late in 2016 .
*Caused the price of oil to drop 70 percent .
*Caused LNG prices to drop from $20 to $8 .
*Caused a global slow down including China .
*Had full control of the size of the asset getting larger causing more time needed for a proper certification.
*Maybe not most would say about the above .
*The GCA report is from 2013 look at the Oil Seach PR I reposted from 2014 deal with PAC.
*David Harris of GLJ is one of the best reservoir engineers in the world see their client list it includes Exxon . Hession inherited GLJ. Small shop not large enough for the big banks .
*The GCA report will be updated by July ,says Oil Search as well as a new extimate from NSAI.
*There are more than 2 years additional seismics and drilling and testing to add to the GCA estimates
*Oil Search had reasons to want a low number in 2014 . Today they would want a large number to work on the synergies between PNGLNG and Papua per Oil Search Earning call .
*Most important read what PET posted from the full Oil Search call , the question from Nik Burns UBS . Oil Search clearly stated they would have a very good feel for asset size in the next 2,3 or 4 weeks . Yes Oil Search is gonna get on board . Whatever the number may be .
*Most of Interoil's 4 million acres was submerged under the China Sea for 100's of years and deposits were made , with some reefs formed which included dolomite . At one time Phil M had slides showing a possible 13 reefs on our acreage .
Over time the 4 million acres will be explored and more assets confirmed .
*The hardest deal , the hardest plant is the first plant and that's exactly what's going on now but we now have the expertise of Total which in their call was clear they want this plant .
*Pull the year end institutional ownership and ask why are most not all of the big boys holding onto Interoil . It's a percentage of their holding not their only holding .
*Total stated they will finalize the appraisal this year 2016 . Some might want to look up the definition of the word final . Remember this is Total speaking not any of the other partners .
* Sure sounds like this is finally Interoil's year to partially recover in price as oil prices and LNG prices recover late in 2016 .