Ray Jay New price Target $100

[Palm]

Art, there were some indications at the AGM and have been since that XOM is not very enamored with DPE's handling of their project and would not be sad at all if Duma didn't return as DPE Minister. I go back also to comments by Hillary C after she was in PNG (and at about the time the Sunday Chronicle article stated Shell made its "offer" to Petromin) that China was coming in "behind" Exxon and undercutting what they were trying to do. I would guess that Exxon and IOC's "chumminess" has been is in part a united effort and could end up with XOM in the mix. Not sure where Polye sits as far as supporting Exxon or not, but I wouldn't be surprised if Polye's campaign fund has been enhanced by someone.

[TomCrooz]

Art Huprich, RJ technical analyst, mentioned IOC in his intra day comments. Technical comment –" Stock
looks timely and is threatening to break out on heave volume."

[ArtM72]

Yeah, but Motley Fool's guys today are saying with Australia in the game IOC might not make it to market in time and they might have to sell their gas locally :-)

http://www.fool.com/investing/general/20...eroil.aspx

[Dmarque]

Motley Fool has never demonstrated a fundamental understandings of the intrinsic values of IOC. You can dismiss their opinion us superficial.

M

Yeah, but Motley Fool's guys today are saying with Australia in the game IOC might not make it to market in time and they might have to sell their gas locally :-)

http://www.fool.com/investing/general/20...eroil.aspx

[jft310]

I see a 2-3 year deal with Exxon for dry NG after IOC opens their CSP and before the Mitsui stick built LNG plants open. Allows for more drilling by OIl Search where ever their best chance is to find more NG.

[admin]

I see a 2-3 year deal with Exxon for dry NG after IOC opens their CSP and before the Mitsui stick built LNG plants open. Allows for more drilling by OIl Search where ever their best chance is to find more NG.

That makes sense, JFT. If they want to strip the condensates and not having to reinject, they need an outlet for the gas.

[Palm]

Thanks Croozer. And hope the split doesn't cloud your decision-making abilities. Kate doesn't deserve you. Keep your eyes open for a Croozer reversal (not you and Kate getting back together; the IOC-type).

[TomCrooz]

Thanks Palm. I think I will do what you and Tree have done and pick up a few wives from deep in the jungle. Think they have ever heard of Scientology in PNG?