I think it's important to paint the whole picture for the conversation. Another big factor that most seem to forget or are not considering is that WDS are currently -
Building Train 2 at Pluto gas plant for the Scarborough gas field = 13 Billion
Building Driftwood 5 train LNG plant in the US = 15 Billion
Building Beaumont Ammonia plant in Texas US = 3 Billion
Only just got Sangomar field development into production in Senegal. = 5 Billion
Are very focused on Browse Gas field for North west facility progressing with estimated cost of = 30 Billion
So when we talk about investment and reasons for maybe pulling out I only think it's fair throw this into the conversation - WDS are a 40 billion company with 60 Billion in project aspirations, they are juggling a lot of balls and are spending to expand but need to tighten their belt until they get their main projects up and running. Did this impact their decision making on PEL 87? I certainly think it would've been a very big part of the decision but who really knows it certainly worth considering!
GLTAH
PCL Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
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