Pandora's Box open?

[geologydude]

Assuming this is good info it means that extensive talks have taken place in the last couple of days and much clarity has been obtained. My guess is that bidders wanted a statement that this project is not in jeopardy of being cancelled and that as long as financially and functionally it meets the structure of the PA it's a go.

Could be the "compromising" that was alluded to earlier.

[jft310]

Mitsui says EWC/FLEX not in at E/A. May be used at T-2.

[efi426hemi]

My friends,

I have contacted Collin and he verified that this article is accurate.

Please Do Your Own Research, fwiw, and Health and Happiness,

hemi

[ValueSleuth]

This was posted on Yahoo recently.

If true, pandora's box has been opened, including consideration of EWC/FLEX LNG program.

VS

Hey VS,

I believe a friend of mine, who attended the AGM, recently asked a member of the executive if it was possible for EWC/FLEX to be back in the picture with the improved situation with the government.  The answer was no, they are too far down the path with the selldown.  I won't discount some form of modular/floater at Triceratops, but unlikely if they build a traditional plant on the coast as it would be much easier to tie into that existing infrastructure.

What is your rationale/source for thinking EWC/FLEX is possibly being reconsidered?

Health and Happiness,

hemi

With respect to EWC/FLEX I was thinking of Triceratops.  If I were IOC, I'd be attempting to get some kind of a commitment from the government to consider EWC/FLEX in the future, and get as much of a commitment as they can now.

The rationale is, as it always has been, that EWC/FLEX is economically compelling for all parties.

Given the costs associated with stick-built plants, even the reduced marginal cost per LNG ton of additions to stick-built plants, I suspect that the EWC/FLEX arrangements are still cheaper.

The question is whether PNG is willing to concede anything to InterOil at this point.

VS

[ValueSleuth]

My friends,

I have contacted Collin and he verified that this article is accurate.

Please Do Your Own Research, fwiw, and Health and Happiness,

hemi

GREAT!

Now we have REAL PROGRESS verfiied, not just political speak articles.

VS

[Libtardius Maximus]

Thanks Hemi.

[Getitrt2]

This was posted on Yahoo recently.

If true, pandora's box has been opened, including consideration of EWC/FLEX LNG program.

VS

Hey VS,

I believe a friend of mine, who attended the AGM, recently asked a member of the executive if it was possible for EWC/FLEX to be back in the picture with the improved situation with the government.  The answer was no, they are too far down the path with the selldown.  I won't discount some form of modular/floater at Triceratops, but unlikely if they build a traditional plant on the coast as it would be much easier to tie into that existing infrastructure.

What is your rationale/source for thinking EWC/FLEX is possibly being reconsidered?

Health and Happiness,

hemi

With respect to EWC/FLEX I was thinking of Triceratops.  If I were IOC, I'd be attempting to get some kind of a commitment from the government to consider EWC/FLEX in the future, and get as much of a commitment as they can now.

The rationale is, as it always has been, that EWC/FLEX is economically compelling for all parties.

Given the costs associated with stick-built plants, even the reduced marginal cost per LNG ton of additions to stick-built plants, I suspect that the EWC/FLEX arrangements are still cheaper.

The question is whether PNG is willing to concede anything to InterOil at this point.

VS

With the work towards FIDs that's already done, a project with EWC/FLEX would probably also be quicker to production.

[ValueSleuth]

This was posted on Yahoo recently.

If true, pandora's box has been opened, including consideration of EWC/FLEX LNG program.

VS

Hey VS,

I believe a friend of mine, who attended the AGM, recently asked a member of the executive if it was possible for EWC/FLEX to be back in the picture with the improved situation with the government.  The answer was no, they are too far down the path with the selldown.  I won't discount some form of modular/floater at Triceratops, but unlikely if they build a traditional plant on the coast as it would be much easier to tie into that existing infrastructure.

What is your rationale/source for thinking EWC/FLEX is possibly being reconsidered?

Health and Happiness,

hemi

With respect to EWC/FLEX I was thinking of Triceratops.  If I were IOC, I'd be attempting to get some kind of a commitment from the government to consider EWC/FLEX in the future, and get as much of a commitment as they can now.

The rationale is, as it always has been, that EWC/FLEX is economically compelling for all parties.

Given the costs associated with stick-built plants, even the reduced marginal cost per LNG ton of additions to stick-built plants, I suspect that the EWC/FLEX arrangements are still cheaper.

The question is whether PNG is willing to concede anything to InterOil at this point.

VS

With the work towards FIDs that's already done, a project with EWC/FLEX would probably also be quicker to production.

Amen!

That's one of many points in favor, but the politics seems to be trumping economic rationality.

VS

[Getitrt2]

My friends,

I have contacted Collin and he verified that this article is accurate.

Please Do Your Own Research, fwiw, and Health and Happiness,

hemi

efi, are you sure Collin understood what statement you were talking about?  The poster who posted this on Yahoo seems to be casting doubts about it as if he made it up.

[Palm]

It's accurate getit; Hemi sent the quoted article in an email and Collin verified that it's true.