Article on Civelli from Vancouver Sun | IOC Message Board Posts


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Msg  6254 of 13357  at  10/6/2010 11:42:53 AM  by

SC4


 In response to msg 6252 by  stpioc
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Re: Article on Civelli from Vancouver Sun

People who have been at meetings with Phil suggest the reverse may be true i.e. he is more willing to do deals than is Cavalli's group. Hard to say. One thing that is clear though is that what they are selling is an independent supply of LNG not linked to EXXON. EXXon seems to control most of the major LNG producers so that buyers may even be willing to pay a premium to have an independent supply. Even at the bottom of the market range, IOC does very well because our cost of production is so low. Look for several announcements of off-take agreements this year. The reality that Indonesia's supply will decline sharply in 2011 has hit the Japanese and other Asian buyers. They are all out trying to get long term-independent supplies of LNG and that is what we have at very fair pricing. SC4


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