News from The National today Deal Close

[CesiumFormate]

Interesting. The plan is clearly Gulf LNG. Settles that, I guess.

Art,

I could interpret the article in two ways.  It just says that a second project will be delivered.  An extension of the PNG LNG project would be considered a project as well.  I am not sure I would jump to any conclusions.

Either way it is good news, but most likely expansion of PNG LNG would be better news for shareholders since it would be faster cash flow and faster FID.

CF

[Palm]

The interesting part of this is that what the analysts have said is that Santos says they want to wait on FID for expansion and OSH mentions proving up gas somewhere down the road, etc. However, Exxon has clearly stated that they want the 3rd train expansion to happen quickly, and they are the operator charged with keeping things moving. The other thing to remember is that the govt of PNG wants a rapid expansion of PNG LNG. If Exxon has talked to potential customers for offtakes for a 3rd train, they will not wait around for Santos/OSH to prove up supply. OSH just poked out in the Gulf and had high hopes and they came up with sand, water and vapors. Exxon cannot take that chance.

Also the "big project in Gulf" that Dr Mike mentions seems to indicate an LNG plant for Gulf.

Wonder what the "event" was they had on Wednesday night in PM. Maybe they have shag dancing in PNG too.

[jft310]

Palm-Sam West and I flew in on Wednesday for Shag lessons for the locals.

Heres a link from Utube for Sam he demonstrated before me. Errr way before me .

sam west shag dance

http://youtu.be/xKzrQ1RedxY

[Palm]

Palm-Sam West and I flew in on Wednesday for Shag lessons for the locals.

Heres a link from Utube for Sam he demonstrated before me. Errr way before me .

sam west shag dance

http://youtu.be/xKzrQ1RedxY

Looks like something Michael Jackson would have come up with!

[jft310]

We have 100 clubs in the SE United States that teach this dance. We met 6 times a year in N Myrtle Beach . In Sept we had over 10,000 dancers show up to drink beer, dance and tell tales. Thus we bought a condo there when the market crashed so we could visit more often.

This dance started in the beach bars that catered to the surfers. So many people showed up they needed a dance to maximize people on the floor at one time. Over several years the Shag was born. Today we have 8 beach bars that cater to us on Main St. N Myrtle Beach. We literally block off Main St and set up a stage all right by the beach and the bands and DJs entertain us for days . The spring and fall events are 10 day sessions.. Pure fun.

[ellerslick]

We have 100 clubs in the SE United States that teach this dance. We met 6 times a year in N Myrtle Beach . In Sept we had over 10,000 dancers show up to drink beer, dance and tell tales. Thus we bought a condo there when the market crashed so we could visit more often.

This dance started in the beach bars that catered to the surfers. So many people showed up they needed a dance to maximize people on the floor at one time. Over several years the Shag was born. Today we have 8 beach bars that cater to us on Main St. N Myrtle Beach. We literally block off Main St and set up a stage all right by the beach and the bands and DJs entertain us for days . The spring and fall events are 10 day sessions.. Pure fun.

Jft, that shag is pretty cool.  It reminds me of the west coast swing with more foot work.  I was a member of the jitter bug club and ballroom dancer at BYU in the 70's. Thanks for the video.

We did have decent volume today.  I hope this is the beginning of something and not another false start.

[jft310]

We were jitterbuggers as youngsters. Many of our dancers also do the West Coat Swing. It a way to get out of the house with persons your age. We are mostly late 50's to middle 70's and its Spring Break for adults for us.. Mostly retired who havn't forgotten how to have fun.. Baby Boomers. Its a life style thing. I suppose it works till it doesn't work then you go to the Hall Of Fame .. Ho Ho.

[smeltman]

I'm a child of the late 70's/early 80's, but grew up a huge Fred Astaire/Gene Kelly/Cyd Charrise/Rita Hayworth fan. Took some ballroom and tap lessons while in college and used to teach a bit of amateur dance (Jitterbug, Foxtrot, basic Waltz), and host dance nights at a local college. My zenith was when the wife and I were on an Alaskan Cruise, where we were some of the youngest. We would go up to the dance floor that had the live 7 piece band playing. By 11:00pm, due to the age of most crusiers, no one was on the dance floor (just in the booths nibbling on snacks) but the band needed to continue playing each night to 11:30pm. We'd show up at 11:00pm after the typical cruise show in the theater, and the band would finish their song, and the band leader would ask I what we wanted them to play. He was surprised when I'd give him "Moonlight Serenade", "In the Mood", and other Glen Miller, Benny Goodman, Louis Armstrong tunes. It was magical to dance around the whole floor by ourselves, with an accomplished band playing just for us.

Hope to get back to one of those cruises with some coinage made from IOC investments in a couple years.

[Spartina]

Nice visual Smelt. I believe there's a lot more than just one cruise in your future.

[jft310]

All of our boats are gonna overflow in the next few years