I really dont think sto care about there lng plant not being at capacity. They haven't for the last decade, despite plenty of opportunities to push for mahalos development.
sto have got plenty of there plate elsewhere
we are still beholden to sto, at least not both sto and aplng
coi have zero capability and credibility to transition from Explorer to producer. Csg fields in development and production phase is an absolute beast to execute and manage. Coi couldn't even contract the right drill rig in the Galilee basin debacle. Realistically, coi main ambition is to be a TO. Pretty sure the team there ain't interested in the headaches of moving into actual production, they are serial wildcatters
the aplng buyout smells funny. If it's worth so much, the why sell it so cheap, if sto wants it so bad, why did they loan to coi to buyout, why not just go buy direct from aplng with money they find under the couch cushion.
it's definitely seems like a world class gas resource and that what keeps me here, but have lost faith in coi mngt to execute on development. The elephant in the room is the realities of csg greenfield development is the 500 mil $ question.
logic would of had this field start development 3 yrs ago, so maybe logical to assume the conventional logic is not so logical. We are still dancing to sto tune and timeline even with 100% permits
COI Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held
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