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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: CommanderCricket who wrote (119826)4/16/2009 10:42:09 AM
From: zebra4o1  Respond to of 206184
 
Cnooc Group Joins InterOil in Papua New Guinea LNG

Show me the money! Everything depends on what kind of deal IOC is getting.

Also, this Bloomberg article has not been confirmed by IOC or CNOOC yet. But I guess now we know what the PNG prime minister Somare was doing on his China visit. The PNG government seems to be very leaky.



To: CommanderCricket who wrote (119826)4/16/2009 10:43:08 AM
From: WalterWhite  Read Replies (1) | Respond to of 206184
 
CC - what do you think this news may result in? I mean with Antelope 1 flowing at over 68,000 boepd this is a monsta find. At a valuation of just $1.2B we are getting most of the assets for nothing.

My take is more drill results and 3rd party validation will spell the end for IOC as an independent operator.

Added more today @ 32.70/75
YDD


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