Why I am Optimistic

[davidhmtk]

The optimistic take on 50/50:

We have a buyer

1. "Using 2 separate processing plants" - says the gas not used for power will be re-sold to Exxon.  Funding will not be a problem and all the gas at E/A can be booked as reserves in 6 weeks.

2.  Lots of cash to IOC - development costs refunded plus the value of the gas - $3B ?

It is Friday evening in PNG, Phil/Collin have already met with the committee - time for an update

[jft310]

The details are illusive but Phil owns/controls 5 million shares and he wants what is best for shareholders and that includes him.