fishermans landing - lng ltd analyst report, page-2

If LNG's liquifaction technology really works and can be built for the costings they put out, you would have to think that the Petro Shell joint venture would be crazy not to have a tilt at LNG Ltd.
For not much they would get the technology, the ready to go FL site which can accomodate several 1.5 mt LNG trains if they want to expand it and they also take a good position in the Magnolia project. For what they would spend on LNG Ltd they would save themselves by not having to develop their site on Curtis Island which is goiong to be inherently costly with need for a pipeline under the harbour and bargeS to get everything over there. I also don't think Arrow has enough gas for their grand plans on Curtis, certainly no way to get it to market atm. This strategy would give Arrow a means to unlock the value in their csg reserves gradually.
Seems like a no brainer and the involvement of HQC is a link back to Petro, but for some reason they haven't stepped up..Do they suspect the novel technology it is too good to be true? If so you wouldn't think HQC would still be involved. As ever, I can only speculate what these super majors are planning.
If things did pan out along the above lines, it really makes no difference to WCL imo. THe gas we have is going to be worth alot more either way and all we need to do is get the production up and keep our costs down. MH must have a fair bead on how to do that. I see STO are drilling wells at a rate of knots and their costs are really low per well, something like $1.1 million from memory- he should have ample insight into how that is done.