montara & plover formations, page-60

Bit of healthy speculation ....“In communication”, Montara/Plover Formation, Field Wide ... P23 & P41:
• Wire logging results next week = Field size
• Field size = degree of Farm-out interest
• Reserves threshold = LNG
• SHELL > NXS
• Alliance > or Takeover (friendly)
• Speculation > Tchacos > in London > Shell negations?

From the 2-12-08 Bloomberg Release … (selective);
“The potential for LNG will start to look quite compelling” if resources are found, Tchacos said in an interview in LONDON. “It’s such an excellent reservoir and the gas is a very high quality.
(and)
“THERE IS A POTENTIAL COMPROMISE, WHERE WE’LL ALLOW SHELL TO COME EARLIER” to tap the reserves, he said. The partners need to find a way of COMBINING THE PROJECTS to produce liquids and allow Shell to take the gas earlier, he said.
Nexus, Shell, Mitsui, Osaka Gas and a further possible partner may decide in the middle of 2009 to build a floating LNG plant at the deposit.
The company has started to seek buyers for the stake, which may lead to the sale of the entire company or an alliance,

Next Tuesday we should know the Logging results ... but I suspect Shell and NXS already know..

SharpE ...

It helps pass the time :)