"That's why the best deal for IOC Shareholders is to SELL Antelope and RETAIN everything else. Then rinse and repeat with sell downs and capital raises."
That's of course been the stated plan all along, but it never seems to get any ink. I wish someone could tell be though how you can put hundreds of millions of dollars into geotesting, sink wells, find carbonates and hydrocarbons under pressure and dismiss that all as nothing. That makes absolutely no sense to me. None whatsoever when adjacent tracts without the testing or wells are sold for significant $$$. Every time somebody on this board suggests there's no value in BTR I wonder how any wildcatter has ever gotten paid.
My bottom line is if they can find value in and transport gas across the Canadian Rockies to an LNG market offshore of Canada they sure as hell can do the same in PNG. Does ANYBODY else think both PNG LNG and Papua LNG would both love to add incremental units?
Just shaking my head in disbelief.
That's of course been the stated plan all along, but it never seems to get any ink. I wish someone could tell be though how you can put hundreds of millions of dollars into geotesting, sink wells, find carbonates and hydrocarbons under pressure and dismiss that all as nothing. That makes absolutely no sense to me. None whatsoever when adjacent tracts without the testing or wells are sold for significant $$$. Every time somebody on this board suggests there's no value in BTR I wonder how any wildcatter has ever gotten paid.
My bottom line is if they can find value in and transport gas across the Canadian Rockies to an LNG market offshore of Canada they sure as hell can do the same in PNG. Does ANYBODY else think both PNG LNG and Papua LNG would both love to add incremental units?
Just shaking my head in disbelief.