11-19-2012, 11:51 PM
3 methods:
1) JV with license holders, drill your way to enough gas, dry it and get it to where you plant is. Downside - See Ping Ling dry gas costs delivered at plant.
2) Buy contracted dried gas supplied for 20 yrs. of gas delivered to your pipelines or plant. Upside - Known upfront gas costs, stable supply. Happy as a Clam if gas is delivered <$/M than Ping Ling.
3) Partner with Petromin which will have guaranteed 20% slice of E/A and up to another 27.5%, 20% slice of T-2 and the most exciting prospects in PPL 236.
Wouldn't it be great if you were a minor explorer and you had more gas than you could ever monetise, and it cost you about $.12/M coming out of yur CSPs??