JP Morgan on OSH

[Resourcearb]

"Hides or P’nyang FID not before late 2015-ish. Hides resource should be better understood in 2H14 and P’nyang development licencelodged early 2015. To us this suggests no FID on trains from these resources until 2H15."

In other words, Exxon saves 2 years by underpinning PNG LNG train 3 with PRL 15.  Exxon needs InterOil's resource.

[jft310]

"Hides or P’nyang FID not before late 2015-ish. Hides resource should be better understood in 2H14 and P’nyang development licencelodged early 2015. To us this suggests no FID on trains from these resources until 2H15."

In other words, Exxon saves 2 years by underpinning PNG LNG train 3 with PRL 15.  Exxon needs InterOil's resource.

Botten has his finger crossed for NG and IOC has the NG certified .Think Exxon chiseled the fingers or the certification ?

[Palm]

Wouldn't it be interesting to see an IOC/OSH "consolidation"?