I have borrowed/copied and pasted a post from Wanga on the HZN thread
Furthermore, from the Kina Petroleum (KPL) quarterly report.......
"Potential synergies exist from aggregating gas from PRLs 21 and 38 and commercialisation of this combined resource base. Floating LNG (FLNG) may be considered as a commercialisation option. To this end, Kina is encouraged by the recent commissioning of the Caribbean FLNG. Wison and Exmar, the builders of the Caribbean project, have undertaken scoping studies for a build-own-operate (BOO) FLNG operation on the coastline of Western Province. Infrastructure in the vicinity of the port of Daru on the coastline of Western Province would be ideally located for export of LNG from both PRL 21 and PRL 38".
PRL21 being Elevala/Tingu/Ketu gas fields - HZN 27% and operator
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.....sounds like a good idea....giddy up CMT, KPL, HZN, Talisman, STO......time is now dragging on with all of the related assets, and respective company management are starting to slowly, slowly edge into the vicinity of the ballpark of "squandered a big opportunity" which is damning, in a corporate sense. Problem here, is that HARD WORK will be needed to pull it together, not just sitting there with a project operated by someone else. Giddy up
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- From Kina quarterly on PRL 38
From Kina quarterly on PRL 38
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