Shell and IOC?? from Shell's CC below

[jft310]

Shell CFO: In Talks With InterOil On Papua New Guinea Gas!!! 17 minutes ago

From Shell's conference call.... http://investing.businessweek.com/resear...*Shell%20CFO%3A%20In%20Talks%20With%20InterOil%20On%20P apua%20New%20Guinea%20Gas||docSource||Dow%20Jones%20and %20Company%2C%20Inc.||provider||ACQUIREMEDIA

[admin]

9:02 AM InterOil (IOC) +4.9% premarket on chatter that Royal Dutch Shell (RDS.A) is exploring a bid for IOC's Papau New Guinea exploration licenses. [Energy, M&A, On the Move] Comment!

[Tree]

HoHoHo - What day do we get XOM's comments??

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LONDON-- Royal Dutch Shell PLC (RDSB.LN) is in talks with liquefied natural gas producer InterOil Corp. (IOC) that could lead to the Anglo-Dutch energy giant buying into the U.S. firm's Papua New Guinea exploration license areas, Shell's two most senior executives said Thursday, although neither was prepared to be drawn on where discussions may lead.
"We have been in talks with InterOil and other interested parties, but we can't say where [they are] going," said Chief Financial Officer Simon Henry .
Papua New Guinea -focused InterOil holds three prospecting licenses offshore the south-east Asian island nation, where early appraisal drilling has revealed vast natural gas reservoirs are located.
The firm also plans to build a 9 million metric ton a year LNG terminal in Papua New Guinea but will need partners to help cover some of the estimated $6 billion required to build a two-train processing plant.
It is currently soliciting interest in the sale of a 25% stake in the LNG project.
Shell Chief Executive Peter Voser skirted a question on whether Shell was preparing a takeover bid for the Houston, Texas -based firm. Shell recently pulled out of a bidding war for Mozambique -focused prospector Cove Energy PLC ( COV), citing the high cost of the acquistion relative to other growth opportunities within its existing business.
"It's an interesting play there," said Mr. Voser. "We have talked to the government, we are looking at it," said Mr. Voser, adding that any decision on investing in Papua New Guinea would have to be framed against its wider portfolio.
"At the end, it will be profitability driven. It will be: Can we do a project in a safe and reliable way, and will it deliver the performance? I think to answer that question, it is too early for that," said Mr. Voser.

[Palm]

I hate these kinds of days.  Everything is going the way Ubers have dreamed about with the election, and now Shell blabs something like this.  Like Ken says, is it logical to think Exxon will cower into a corner and close up shop and leave PNG?  Haaaaaaaaaale No!  And just as good is hearing some jabber that it is HIGHLY likely that Mr William Shell Duma will not be back as DPE Minister.  That's a real bummer.

The IOC LNG "train" is getting ready to leave the station.  Good time to climb aboard.  Kenny will gladly punch your ticket.  Hohoho