eastern star gas in talks with potential asian, page-88

db76,

One very good reason that I am still holding, is because I believe that we have the goods, and plenty of it. But, like you, I also believe that we lack the marketing skills to sell our products to the market.

Unless I totally misrepresent what is going on, it appears to me that all our Chiefs are waitng for is a takeover, and not going ahead with the marketing of our gas to where it is needed. Yes we have had some MOU's in the past, but, let's face it, nothing concrete came out of it as yet. Like you, I believe that if a properly signed/contracted GSA would come out as soon as possible or in the immediate future, and not just another MOU, the sp will rocket into the blue yonder. But, after so many years we are stll sitting and waiting and of course hoping.

I do also believe that if Marubeni was to make an offer to STO, STO would not think twice about selling it's stake. On the other hand if STO was to make a move on us, I don't think that STO would have to come up with any money at all, and instead let it's JV partners in the GLNG come up with the cash needed to finish the job on us.
After all they do also have a stake in the GLNG projects, and it would be unrealistic of them, to expect STO to do all the gas supply. But, this is only my take on all this, and I express my views just the same as anyone else.

As for the rabbit not having any myxo or calici virus, no one would really know until it has been lifted into the air and shown to everyone that it is desease free. Conjectures and speculations will still abounds until then.

Finally, as I said before, punting on STO to make a move quickly on us, is a little to much to ask when it is not being pressured into doing anything, and having his fingers in too many different pies at the same time.

Good post mate.

Cheers,

Buddy