nice work oilbuy some good links there, really hoping we've got similar ground to Sino. PetroChina will buy in that 40% if that's the case, I don't think we need any more partners, Atherley said at Chinese Reserve Report (CRR) they can get debt funding from the likes of HSBC, abd PetroChina don't need debt to fund their 40%.
This could all happen very quickly IMO! Early modelling I think was NPV of 1b at $7.2/ mcf, at $10.50/mcf it can only be better! I think Sino lift costs were estimated at only $2 / mcf
Expect some pretty impressive figures in presentations if they get flows
LRL Price at posting:
26.5¢ Sentiment: LT Buy Disclosure: Held