4 billion dollar questions

[calvin grad]

I know this is getting way ahead of everything and pure drivel. But most of us believe we have 10.5 T at EA  and 3.5T at Antelope Deep. Assuming this is proven by June 30, 2016 then                                                                          

    1. Would Papua PNG sell Antelope Deep to PNG for 4 billion?

    2.Would Papua  PNG sell a 20 per cent  interest in Papua PNG to Japan for 4 billion as part of a sales agreement?

    3. Would 1. Happen if  2. Was in the works?

[sageo]

I know this is getting way ahead of everything and pure drivel. But most of us believe we have 10.5 T at EA  and 3.5T at Antelope Deep. Assuming this is proven by June 30, 2016 then                                                                          

    1. Would Papua PNG sell Antelope Deep to PNG for 4 billion?

    2.Would Papua  PNG sell a 20 per cent  interest in Papua PNG to Japan for 4 billion as part of a sales agreement?

    3. Would 1. Happen if  2. Was in the works?

 Calvin - Good day to you . As you probably know,I am part of the "most" that we have 10.5 Ts at E/A     ( I believe even more,based on the over-all geology and the testing thus far). Btw,have you or ( others) heard when OSH might release their Oct. up-date ? Anticipating some info on Ant 4 .Have a "good one".

[Putncalls]

Why sell a 1 billion a year in revenue for 2 billion?

[calvin grad]

Why sell a 1 billion a year in revenue for 2 billion?

I assume you are referring to selling Antelope Deep. Selling would result in some cost saving on pipeline and make participation payments much less. When could we expect a third train so that revenue could begin?

[jft310]

Cheniere Energy has about 9 months between trains being brought on line .

[Putncalls]

You are saying that Cheniere Energy is going to over produce LNG at cheap US prices of ~8$ plus shipping and profit?

[Putncalls]

Why sell a 1 billion a year in revenue for 2 billion?

I assume you are referring to selling Antelope Deep. Selling would result in some cost saving on pipeline and make participation payments much less. When could we expect a third train so that revenue could begin?

I'm saying 4 billion would be about 2 billion for IOC's Antelope share which should be a cash flow machine in about 6 years.

[jft310]

They are building 16 trains . Own zero gas will buy gas in the open market . Sell as LNG .

[Putncalls]

How many of those 16 trains will FID?

[calvin grad]

Why sell a 1 billion a year in revenue for 2 billion?

I assume you are referring to selling Antelope Deep. Selling would result in some cost saving on pipeline and make participation payments much less. When could we expect a third train so that revenue could begin?

I'm saying 4 billion would be about 2 billion for IOC's Antelope share which should be a cash flow machine in about 6 years.

Not what I meant. If someone paid 4 billion for 20 per cent of JV, then JV would have the 4 billion and IOC would have  80 per cent of the 30 per cent they have now. I am also assuming a favorable sales contract and financing. Price is in line with Hession saying value is 20 billion.