Few quick notes from call

[jft310]

Hession increasing confident for 2 train development. Ant Deep could be another Ant if so could be 3 trains,.Ant 4 and 5 going down talking about Ant 6.

[jft310]

Total talking about multi train,an LNG province. Oil Search buy in at 7 T's gives them more confidence.Singapore study shows they should get excellent recovery of gas,Fluid test?Every field different. More tests depends on results.

[jft310]

Ant can't be alone, Ant Deep on seismics same size as Ant,
Don't need more gas for development but think they will find more,
A/E alone has room for upside

[CAC]

Hession increasing confident for 2 train development. Ant Deep could be another Ant if so could be 3 trains,.Ant 4 and 5 going down talking about Ant 6.

**********

Hessian estimates plant built by 2021.

[jft310]

Hession thinks from FID will be less than 50 months for first molecule, states 2020-21 production, states Bernstein conservative with 2022,
Hession calls it one big field

[jft310]

IOC will estimate cost $2000 a ton PNGLNG was $2400. Low cost facility, US has massive transportation costs.

[my2cows]

any word about WRB?

[johnwgrant]

any word about WRB?

Also, why is he "promising" well results by the end of September -- hasn't he been consistently wrong in his well timing estimates to this point !?!?

[jft310]

Set up competition for bidding,Total sees an LNG hub in PNG. Lots of Total teams working on PNG right now.Very pleased with Total. PNGLNG has done a great job.

[jft310]

Hession absolutely confidant of Arbitration position. Win for all 3 Total, OIl Search and Interoil.