They have spent $220mm in the past year on two onshore acquisitions and think they have 3-5Tcf of nat. gas identified. They said this was "enough for a small, modular LNG" (someone, tell me more about this!) project.
During questioning, they mentioned a possible partnership with Exxon; but also observed that Asian LNG customers are interested in other options so as not "to be beholden to the big guys."