07-10-2012, 01:26 AM
VS,
Like you say, the AGM provided many good insights. I am more and more skeptical of the SA "forum" (except for STP's articles of course); especially "newbie" posts both positive and negative. Even though this is a very positive article, it appears to be a bit of cherry-picked info from SHU and Yazoo. Absolutely no info from MS/RJ comments, etc. We smack the like of Adam G for his posts on SA rightfully so as he posts only negative and untrue info. This newbie does almost the opposite, though he is a little more realistic. He also has some mistakes in his article (or her article). You point out one on the Byker/Mulacek BOD change. Another is the comments he makes regarding EWC/Flex as far as violating the project agreement. The government has had basically 4 objections to IOC's execution:
1. It's not fully integrated
2. The startup volume was too low
3. They did not have a major as a partner
4. They did not have an established operator.
I think the objections to EWC and Flex from the government's perspective were the fully integrated and initial volume issues; not the technology (Duma tried to play the technology card, but it really was not valid). At the AGM I asked Collin about EWC and Flex as far as being out (as in completely out of the picture for good). He said absolutely not, but I do not think in the end they will be part of the PRL 15 project and selldown. They well could be part of the next PRL which would include T2, but we will know that in due time.
Like you say, the AGM provided many good insights. I am more and more skeptical of the SA "forum" (except for STP's articles of course); especially "newbie" posts both positive and negative. Even though this is a very positive article, it appears to be a bit of cherry-picked info from SHU and Yazoo. Absolutely no info from MS/RJ comments, etc. We smack the like of Adam G for his posts on SA rightfully so as he posts only negative and untrue info. This newbie does almost the opposite, though he is a little more realistic. He also has some mistakes in his article (or her article). You point out one on the Byker/Mulacek BOD change. Another is the comments he makes regarding EWC/Flex as far as violating the project agreement. The government has had basically 4 objections to IOC's execution:
1. It's not fully integrated
2. The startup volume was too low
3. They did not have a major as a partner
4. They did not have an established operator.
I think the objections to EWC and Flex from the government's perspective were the fully integrated and initial volume issues; not the technology (Duma tried to play the technology card, but it really was not valid). At the AGM I asked Collin about EWC and Flex as far as being out (as in completely out of the picture for good). He said absolutely not, but I do not think in the end they will be part of the PRL 15 project and selldown. They well could be part of the next PRL which would include T2, but we will know that in due time.