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  • kencooksam kencooksam Jun 27, 2013 6:44 AM Flag

    Henry Aldorf Interview from SHU/IOC reserves and 25T's


    Henry explains monetization process
    Some time ago Henry Aldorf was interviewed regarding the constant short line that IOC has no reserves. Phil was part of this interview also, but got into some of his analogies that was less clear than what Henry has to . Read this then relate it to what we know today. This is also a place Henry makes his now famous claim to 25 Ts in IOC's license areas.

    "Henry Aldorf:

    I’ve been in the energy business for a long, long time. My last function was at a major called Marathon. I was the VP of Global Upstream Business Development and part of the executive team leading that company. My claim to fame at Marathon was the building of a LNG facility. Marathon had built a LNG facility, indirectly, about 40 years ago in Kenai, Alaska together with ConocoPhillips. But Marathon didn’t do anything until 2003. Didn’t have anybody who knew integrated gas. I was at the time the head of Marathon for Asia. They asked me to come back and see if we could get a nat gas project running. So we developed what is today the standard of LNG projects as far as speed, cost are concerned.
    I should say one more thing. I’m not working for InterOil. I work for the large shareholder Pacific LNG which is affiliated with Clarion Finanz, which is affiliated with Carlo Civelli, the major partner in that.
    A little bit about Pacific LNG because nobody knows totally what it is. Set up by Clarion Finanz AG in Switzerland. Pacific LNG owns about 20% of the Elk Antelope Fields. We own about 47.5% of Liquid Niugini which has the project agreement with the government of Papua New Guinea and is therefore licensed to develop gas in Papua New Guinea. We are also a major shareholder of InterOil. So we have a lot riding on this investment.
    Where are the Elk Antelope Fields? This is the southeast area of Papua New Guinea. Port Moresby is right under here. And InterOil owns about 3 million acres in that area, which is a huge portfolio. Exxon is up here in the heights. Out of thi

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