I am not trying to throw a wet blanket on this party, but does any body know much about the parameters involved in bringing this potential huge resource into production for market. Chevron failed last week trying to bring a $4b natural gas field into play due to pricing disputes. I am sure there is more to this and someone on this forum can shed a bit more light on this.
"A venture operated by Eni SpA (ENI), Italy’s biggest oil company, is drilling in the Cua Lo area in northern Vietnam, which Canaccord Genuity Group said is “highly promising” with the potential of as much as 14 trillion cubic feet of gas.
The question, given the Chevron experience, is whether Vietnam will be able to close an agreement with Exxon Mobil, or with Eni if their group confirms a commercial discovery."
