Begrudging Hession

[Tree]

Bull.  Mike got Total signed up all right, but now he either does not have the courage or ability to stand up to Total and say, "we have a signed contract and I am going to hold you to that contract.  We are moving forward with the certification and resource payment.  It's that simple.  Now if Total wants to drill another well; great idea.  But we are going to renegotiate the contract and Total is going to pick up all of IOC's costs for the well.  Otherwise, IOC is being put in a rather weak financial position.

The only thing I expect is clear, open, honest communication and that is not being done by IOC.

Just my thoughts.

Bull.  You make my point with your comments.  Your view of reality is counter to that of Pouyanne, Botten and Hession.  But hey, Hession should get in Pouyanne's face regardless!!  Phil would!!!  That would help somehow??

Pouyanne in PNG visit

 22 April 2016 00:00 GMT

Total chief executive Patrick Pouyanne has visited Papua New Guinea to provide assurance to the government of his company’s commitment to the planned Papua LNG project.

Pouyanne met PNG Prime Minister Peter O’Neill and other government officials, and reportedly said the project is on schedule to begin construction in 2018.

The current focus is on the full evaluation of gas reserves, to be followed by front-end engineering design work next year.

“Evaluation of reserves in 2016, engineering studies in 2017 and construction should start in 2018,” he was quoted as saying in The National newspaper.

A final investment decision is expected in late 2017 or early 2018.