What will Total Do?

[ArtM72]

And there is NO bottom lower than zero, which is where Triceratops, Bobcat and Raptor are valued along with the 20-40 other prospects that have been "high graded" over the past two years at a cost of tens if not hundreds of millions of (our) dollars. Here's my dream scenario: Sell PRL15 at $65/share Fire Hession and his board Hire Mulacek and his board Proceed with development of the "valueless" property as the born again IOC.

Art, my concern is that if we took the suggested direction and new IOC discovers more gas, it is back to stranded gas again.  With no local markets and no LNG plant ownership, we are at the mercy of PNG LNG.  I would only do this if we cut a deal with XOM on a given gas price minimum that we could sell to them.

Will - Yeah, you're right.  We would have to sell to Total.  A sale to XOM would leave us in the situation you describe.