Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: teevee who wrote (180109)	8/18/2013 7:58:46 PM
From: Robohogs	2 Recommendations Recommended By CommanderCricket katytrader Respond to of 206330

Why the bee in your bonnet all of a sudden? Jon

To: teevee who wrote (180109)	8/18/2013 8:25:13 PM
From: Bearcatbob	Read Replies (1) \| Respond to of 206330

Ergo - the Chinese would be the perfect buyer. PNG politicians IMO would be more reluctant to screw around the China than a US company. Bob

To: teevee who wrote (180109)	8/18/2013 9:06:33 PM
From: old tx oiler	1 Recommendation Recommended By katytrader Respond to of 206330

"Political risk in PNG is far too high" Gee, could that be said for most countries in South America, Mid-east, Africa, Russia, or others? I gotta' go look at my map.....

To: teevee who wrote (180109)	8/18/2013 9:10:16 PM
From: akmike	4 Recommendations Recommended By CommanderCricket Dale Baker katytrader Salt'n'Peppa Respond to of 206330

Political risk in PNG is too high? XOM and partners are spending $19+billion on a two-train LNG plant. And you would avoid IOC that is negotiating a sale of a minimum of 4.6TCF of gas which at $1/mcf (below the regional average of $1.20/mcf) values IOC at $100 per share just on the 4.6TCF alone. Should XOM recognize the IOC NG at a price of $1.50/mcf reflecting economics attendant to the very high flow rates of the IOC resource and the proximity to XOM's pipeline (that S & P kindly pointed out to you), creating a market value of $150) for IOC without consideration for Triceratops or their 3.5 million acres of other reefal prospects, what are you saying is the market value for this resource-rich company? Is it your position that the "political risk" of PNG trumps a take or pay contract with XOM? Should the XOM transaction proceed then IOC's future exploration wins (if any) will not be stranded gas, but booked reserves. Are you saying that PNG political risk will eliminate the value of such reserves? If you are short, I think you have over-estimated PNG "political risk".