07-27-2012, 11:39 PM
(This post was last modified: 07-28-2012, 12:32 AM by ValueSleuth.)
Thanks, Tree.
My take is that Shell is definitely a player here. The comments about the election provide the time frame for serious beetle nut cracking.
Ask this question: What one single development would most put the NEW PNG government in a favorable domestic and international light? Yep, it is the conclusion of negotiations over the 2nd LNG project for the country. This is so important, I'm sure the PNG leaders will figure out that the DPE/Duma nonsense cannot be allowed to rear its ugly head again. That's why Duma is most likely OUT.
The new government can hit the ground running by swiftly coming to agreement on the Gulf project. Still, I suspect it'll be later, later, rather than sooner -- i.e. no sooner than late September/early October. That's not to say there couldn't be something highly significant coming out sooner -- 2Q CC? -- on T-2.
VS
My take is that Shell is definitely a player here. The comments about the election provide the time frame for serious beetle nut cracking.
Ask this question: What one single development would most put the NEW PNG government in a favorable domestic and international light? Yep, it is the conclusion of negotiations over the 2nd LNG project for the country. This is so important, I'm sure the PNG leaders will figure out that the DPE/Duma nonsense cannot be allowed to rear its ugly head again. That's why Duma is most likely OUT.
The new government can hit the ground running by swiftly coming to agreement on the Gulf project. Still, I suspect it'll be later, later, rather than sooner -- i.e. no sooner than late September/early October. That's not to say there couldn't be something highly significant coming out sooner -- 2Q CC? -- on T-2.
VS