Ann: Investor Update Presentation , page-41

Thanks cmonaussie. The "flexibility" of that GSA is certainly the most valuable part of that deal. As you very rightly put it, the ability to even "introduce joint venture partners into the LNG agreement who will become co-sellers of LNG", really makes it nearly fail-safe with, I would imagine, no shortage of players wanting to share the pie. Clearly both of the existing j/v partners wouldn't hesitate participating in whatever extra is needed out of 855 and also 218. But, much more will be needed from other sources.
R.J.'s "negotiating" skills will be sorely tested and he will be judged on the ultimate outcome for his shareholders.

Stayer, ICN is still at that FMQ nickel stage, except, this time Icon does have a product to sell and a contract from a buyer. But, it is still very early days for the S.P. and you shouldn't throw away your deserved reluctance just to get in at the bottom. Clearly, the safer bet for you is to wait for the S.P. to reflect actual facts than what is anticipated. Sure, you will probably pay a higher price, but, none higher than losing your hard earned by breaking your own rules if your reluctance proves to have been justified.

And as for that BP "concern", as Cmonaussie said, that would be the number one concern for any major project for any commodity.
We can only rely upon "good faith", yes, a very rare commodity, with Shantou and to rely upon the worn out commercial law of "a contract is a contract". If we worried about such "anticipated" problems, no project involving Billions of dollars would ever get started.



and be joint