JKM has been preferred partner for PNG, IOC and partners. Petromin alliance with RDS cut JAPEX from working agreement with Petromin to fund, train and develop PNG's second LNG project and specifically from Elk and Antelope. Search history. JKM deal is contingent upon Petromin removed as State representative. O'Neill to detail PNG replacement of Petromin in JP tour this week. JKM prefer contract operator, PNG prefer SM as operator. Think which Super has moved to Gulf and will surely have an LNG Plant in Gulf Prov.
Interoil no preference long term. Negotiations now between PNG, Super and JKM. PNG to likely throw weight here. 100% production to SK and JP either scheme. Take over talk has stopped as PNG is behind this plan and made it known.
getit, you remind me of a child wants to deny that his father is an alcoholic and who lashes out at anyone who points it out. (and by the way, if you go back far enough you can see that Kenny clearly has posted while a bit too inebriated to make any sense whatsoever). Anyway, I am not whining a bit... IOC is almost $4 dollars above where I bought it over 3 years ago, so I am finally happy with just breaking even. I'm just embarrassed that my fellow longs are taken in by Ken after all this time. And you SHOULD be embarrassed.
Interesting comment by Henry Aldorf in his 2010 report(see IV board-9880). He said Japan took all of XOM's PNG NG in 2010. That was before the 2011 Japnese earthquake, that ended up having Japan shutdown the majority of their 54 nuke plants.
Sentiment: Strong Buy