07-13-2012, 05:18 AM
HemiHefi 
Don't know about astronomical as that's what would describe what IOC's prizes are worth including liquids and the fact that they don't have to drill all of the wells shale and CSG developers have to drill (see HefiSTP's post regarding the sudden realization by the developers of the Aussie LNG upstream projects that they have to drill a lot of very expensive wells to get what they need). So this $5.2 billion for 1.9Ts is peanuts compared to what IOC's extremely rich and prolific reservoirs are worth.
What we have is astronomical in PNG; in your backyard it is velly nice, but me thinks you'd rather own IOC right now than have your portfolio disproportionately slanted to shale or completely dry CSG. HohohoHemiHefi
Don't know about astronomical as that's what would describe what IOC's prizes are worth including liquids and the fact that they don't have to drill all of the wells shale and CSG developers have to drill (see HefiSTP's post regarding the sudden realization by the developers of the Aussie LNG upstream projects that they have to drill a lot of very expensive wells to get what they need). So this $5.2 billion for 1.9Ts is peanuts compared to what IOC's extremely rich and prolific reservoirs are worth.
What we have is astronomical in PNG; in your backyard it is velly nice, but me thinks you'd rather own IOC right now than have your portfolio disproportionately slanted to shale or completely dry CSG. HohohoHemiHefi