Hey Everyone...long time listener first time caller! Thanks for the info that you all provide.
Something I was thinking about today was if there is a scenario where the election can go so well that Phil and IOC reconsider the process of bringing in a major integrated partner. It seems as though the money Shell threw at Duma was what scared Phil into coming around and actively looking for a major partner. As the Duma threat appears to be fading away, is there a chance they make another play at the floating LNG plan? Or from this point on does IOC need to assume that until they are partnered with a heavyweight, they are continually going to be the target of bribes etc to take the asset away from them. I actually think that trying to get it done without a major partner could create the most value long term, but the share price would certainly suffer in the near term as people seem to want some type of monetization/de-risking of the project.
Just my two cents, and somewhat related. Seems to me the best thing is a total sale of the E/A field to super charge the seismic/exploration efforts on our remaining land. I'd like to see us be involved as little as possible in the LNG business - leave that to the big boys - and keep front running them on land to sell reserves into their infrastructure projects. The one concern I have, and I'm not sure if anyone can help me on this, but if we sell E/A, are we basically forced to then sell Triceratops to the same buyer as they will have built all the transportation infrastructure already? Would there be a bidding process on this second field, or are you a captive seller. Is it realistic for someone to come in and build all their own stuff if there's no capacity to rent from whoever originally buys E/A? I"m presuming the answer is that if the field is big enough, people will build the infrastructure themselves - just wondering if people have thoughts on it.
Thanks and enjoy your weekend.