07-19-2016, 11:59 PM
'ArtM72' pid='74206' datel Wrote:Extending Clyde Russell's point, Total can forget about its new foothold in the burgeoning market of the Far East with XOM's acquisition of IOC. Total will no longer be the majority partner in the decision whether to expand PNG LNG or build Papua LNG. Without IOC Total will no longer have majority control against a united OSH XOM front. Elk/Antelope gas will go to PNG LNG, as well all all the other gas yet to be developed and discovered in Gulf Province.
Art- Thanks for your insightful post, If you have time,please re-read Clyde Russell's first paragraph.....it ends with" holds the promise of long term returns" .I truly do not believe that he has any idea just how true his words are . In the coming years when all our almost 4 million acres are developed, Arun could quite possibly look like a "minor" compared to what is beneath our acreage in PNG . Many years hence, Exxon will smile about what a buy they made for a song to feed their expanding PNG/LNG increased trains. [ ...in the past (at one time in one of his speeches,Peter O'Neill mentioned 5 or 6 trains ) . Hmm ] Life does get interesting at times ! Thanks again for your thoughts on our behalf .