Exactly. That is why Dr. Mike said
"Every day is a possible final day"
He does not know when the deal will be finalized because he no longer has anymore to negotiate. All he is doing is waiting for the mega major to formalize the paper work.
and I believe in my heart that were Christ alive today, he would have punished Obama for allowing US drones killing of innocent people the world over , including most recently a 2 year old child. Now defend that.
I have a feeling shorts will not sleep well this weekend even after they covered.
Very stupid move done without thinking. What if China decided to down one for the hell of it. What is the US going to do about that ? Lose face or go to war over a god forsaken tiny island for the Japanese.
Just want to continue the discussion. I think it is good for all issues to be on the table and discussed frankly so we dont blindly invest our precious dollar.
(1) From the CC and IOC web page:-
Fixed payments to InterOil include US$613 million on transaction completion, which is expected in Q1 2014. That is 3 months away, not 3 years as you said.
US$112 million on a final investment decision for a new LNG plant(is this what you are referring to?)
and US$100 million at first LNG cargo from the proposed LNG facility.
(2) IPI is an important issue which at the moment Hession is working on. Anyone has any insight ?
(3) and (5) Without the appraisal wells one can argue any which way one pleases . However, IOC did not pull their number out of thin air. Chances are the 9 TCF number may be closer to the truth as the three firms contracted by Phil and the independent experts contracted by Mike Hession all seem to agree pretty much.
(4) One can of course argue the opposite . China choking on dirty air, Japans shuts down its nuclear power plants etc etc.