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Msg  3297 of 13357  at  11/9/2009 3:56:49 PM  by

us2u001


 In response to msg 3295 by  sltibbs
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Re: The CC report


 
 SL ,  actually the CC as good as it was put some time lines out a little further than some would like.  Many of the time lines expected back in June for year end are now being pushed out until 2010, not unusual with this type of situation. I expect that is part of the reason IOC is treading water here.
 
 Seems to me IOC is on hold so far as the gov't until Exxon clears their hurdles. The gov't is likely treating that project with kid gloves as it gives them world class recognition as soon as Exxon says its a go,  not near as much goodwill comes with Interoil announcing a project. In the end PNG does want to be recognized as a go to hub for LNG, Exxon announcing their project is huge feather in their cap.
 
On your point with regards to oil I agree,  I think some were hoping a DST with that kind of news might come just before the call last week.  A nice oil find  would be a wonderful NR  to enjoy with my coffee in the morning, any morning  !


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