stayer, with production of prime diesel at $28 a barrel, it does not require a higher price than current to be profitable, as a barrel of crude unprocessed oil is about 60% dearer.
Streettalk, the coy stated themselves via an asdx announcement that others were showing interest in teressa whilst the coy was waiting for govt.approvals and that the Chinese were not looking for a better deal. You need to be more savy of coy announcements.
LNC are doing the right thing, and keeping their options open, and not waiting to see if the chinese govt does not approve, and then go to the next buyer. They realize how important this funding is for their future development, and are making sure they have many irons in the fire.
Dont forget they are also drilling out another tenement in Queensland for sale which they stated hoped would have a buyer in this quarter.
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