Ray Jay New price Target $100

[ArtM72]

Palm - I wonder whether the Highlands would in fact be a backer of the IOC project, at least if XOM is involved. I suppose their wells are going to be drilled no matter what but if XOM is the IOC partner I can see some competition for who is going to supply dry gas to Port Moresby in the first five years of its operation. Argueably there could very well be a delay in Highland field development if XOM is getting the gas from E/A which might not be viewed favorably by the locals.