07-27-2016, 01:25 AM
I maintain that if Total had any worres about sufficient gas to run two trains they would have sunk a well into Antelope South to look for more. Total knows there is plenty of gas in IOC acreage to feed more than 2 trains. Possibly many more. That is why Total will be back for more bidding. They want to be a player in the Asian Pacific LNG market and acquiring IOC has the potential to make them the dominant player.
Phil has waived the white flag with very reasonable terms based upon the E/A reservoir alone. There is little doubt in my mind that if Exxon meets either of Phils alternative payment models they will be assured of a positive stockholder vote. Whether Total will be there at that time to compete is anybody's guess. My guess is there will be at least one more round of bidding .
Phil has waived the white flag with very reasonable terms based upon the E/A reservoir alone. There is little doubt in my mind that if Exxon meets either of Phils alternative payment models they will be assured of a positive stockholder vote. Whether Total will be there at that time to compete is anybody's guess. My guess is there will be at least one more round of bidding .