issue with gas deal , page-12

Rizza,
My take on is that the share price will gradually climb as we draw nearer to shipment date and money is in the bank.
There will be ups and downs from outside sources plus any spin off if the Total deal goes ahead good or bad.
Today I just rolled my Feb $8.25 calls up and out to $8.75 April / May so I am getting set and the PNG Government is getting their house in order with their shares
There will be a drift of gas sector investors drifting over from WPL looking for growth potential that Woodside does not appear to have just now so increasing volume and price should confirm a good trend.

Cheers
Mattocks
Heres the story of PNG government

PM ON INTERNATIONAL PETROLEUM INVESTMENT COMPANY LOAN
on Thursday, 20 February 2014. Posted in PNG Resource News, News, Business News
Prime Minister Peter O'Neill assured parliament that they will negotiate a better deal with the International Petroleum Investment Company, to take over shares held as security in Oil Search.
In 2008 the PNG Government secured close to 1.6 billion Australian Dollars through the IPIC Loan for its share of the PNG LNG Project, through an exchangeable bond.
Parliament was told today that currently, a team led by Foreign Affairs Minister Rimbink Pato and Central Bank Governor Loi Bakani, are in Abu Dhabi for negotiations.
Member for Kundiawa Gembolg asked Prime Minister Peter O’Neill to give an update of the IPIC Loan and the Oil Search Shares held as Security.
Prime Minister Peter O’Neill said a team is currently in Abu Dhabi to negotiate a deal with the Arabs to take over the shares held as security in Oil Search.
Mr. O’Neill said the Government desires to retain some shares in Oil Search because; it is a strategic company for PNG, given the fact that it has well over 30 % of the PNG LNG Project and is actively managing the Kutubu Oil Project.
As the concluding month of March for the negotiations nears, the Central Bank Governor has been tasked to come up with a better deal because the outcome will depend entirely on the Arabs if they are willing to hand over the shares.
In 2008, the PNG Government took out the IPIC Loan to increase its shares in the PNG LNG Project, placed its shares of Oil Search with IPIC and now the government has the mammoth task of getting some of the shares back.
The outcome of the negotiations will be finalized and tabled in parliament once all negotiations are concluded."