future oil production, page-6

mwap- Yep your right(SC).
However i believe that Jeruk will deliver THE CUE monies before PNG.
Why, because the indonesion gov needs oil fast.
A tax change would make Jeruk profitable for the JV .

With a tax change on exploration and development the JV might also find a bit extra oil >50m,because it pays them to do so

hey mwap,
Jeruk is not likely to deliver money to CUE before PNG...
not at all id say...
"Because the Indo govt needs oil fast"?
LOL... I think that is funny...
every country needs oil fast mate, not just them...

We all know that there is more oil in Jeruk than 50 million barrels... The JV just like many listed oilers hold back reserves, for tax purposes... and also for prudent measures so as not to under deliver and over promise...well usually, but sometimes fields are over estimated... eg Jeruk... lol....
it was prudent measures why Maari reserves increased 100% when we all knew it... same as Tui... same as Kupe, heard flow rates are going ballastic there...
Its just normal business practice to under estimate in this industry and over deliver...
that way, true value investors are rewarded, not just speculators...

anyway, STO have such a heavy capital commitment across SE asia LNG projects that its hard for me to see them, or even CUE for that matter putting limited funds into something like Jeruk when we cant rely on the indo authorities to start with...

Unless your in the industry for thrill of drill, or hyping permits etc, then its long term development stage... and our PNG WA INDO and all that is for free when comparing our current and forecasted production revenues/developments compared to our market cap...its just wow to me...

Dont worry about Jeruk... We dont need it... infact CUE should give it away for a small amount with a royalty over the field... who knows, im not banking on it...
what I am banking on is PNG delivering the goods, and Maari backing the stock all the way up to 30 cps... and WA for abit of thrill...


lovecce-"Shrewd,

I believe you have removed CSG from your signature

Haas your attitude changed on CSG?"...

not at all...
I still think its the bees knees, but ive decided that id rather go for Paupa New Guinea Investments... so I have since decided to invest in stocks with permits in and around this giant PNG LNG project... I have found NGE...
This is my vehicle of choice...
CSG is going to be a real winner, cant have em all...

And I had to pull my signature on CSG because the mods think im ramping other stocks...
So that is why you might see me before you hear me because im packing king kong in the truck... straight up... lol...

.^sc