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InterOil Corporation Message Board

  • cfingiver cfingiver Jan 16, 2013 8:01 AM Flag

    PNG LNG Headquarters

    "Australia’s Leighton Holdings has been awarded a contract by ExxonMobil’s Papua New Guinea subsidiary Esso Highlands.
    Leighton’s wholly-owned subsidiary, Leighton Contractors, was awarded the A$200 million (US$211.3 million) contract to build Esso’s permanent head office in Port Moresby, Papua New Guinea."

    What could this mean?

    1) It could lend further credibility to the chatter (originated by Fidelity according to a SHU poster) that XOM and JKM are jointly seeking to own a stake in Elk/Antelope and operate IOC's project.

    2) It signifies that XOM has big aspirations in PNG and that it's committed to the country.

    Sentiment: Strong Buy

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    • "What could this mean?

      1) It could lend further credibility to the chatter (originated by Fidelity according to a SHU poster) that XOM and JKM are jointly seeking to own a stake in Elk/Antelope and operate IOC's project."


      ?????

      Sooooo.....Exxon, who has a massive $17 Billion project in the country and will operate for decades, is building an office in the capital city. Therefore they and Japex and Kogas and Mitsui jointly want to buy into IOC's field and operate it??

      Please explain that logic the next time you pop out of the cuckoo clock.

      "It signifies that XOM has big aspirations in PNG and that it's committed to the country."

      Hmmmm.... I see where you're going with this. The other indication that they are committed to the country (if one can read the tea leaves) is the massive LNG project they committed to years ago.

      I think I might have to short more today just based on this post alone.

      Sentiment: Strong Sell

    • Maybe #2, but how you get this has any relevance to #1 is beyond me.

 
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