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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Sweet Ol who wrote (196037)4/4/2016 2:35:24 PM
From: Salt'n'Peppa  Read Replies (1) of 206084
 
We will find out in about 30 days, when they decide whether to drill Ant-7 or not. The position of the West reservoir bounding fault is critical as the reservoir is at its thickest near the fault. Waiting another 6 months to drill and asses Ant-7, prior to certification and the TOT resource payment may be worth an extra half billion dollars to IOC.

Certification leads to FID.
Don't worry about the Asian LNG market. We are in a global recession...or something similar. This cycle will pass and it will be full steam ahead in 5 years. All IMHO of course.

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