Horizon Oil hedging against low POO, page-12

Exciting to read that Oil Search are very much on board for a small scale plant to use uncommercialised LNG in the Western Province. To that end Oil Search announce that they will drill Kimu and Barekiwa gas fields this year. Oil Search has in mind for these fields to be part of the supply for the planned Horizon/Repsol (and Oil Search?) small scale LNG plant (ssLNG). OSH say that they envisage an output of .5 to 1.5 MTPA to supply the East Coast of PNG and mines. Our part owned Stanley and P'yang resources to be part of the feed. By the end of this year we will have a lot more clarity around the ssLNG project both in terms of supply/demand and economic viability. The positive news is that Oil Search is now a backer and moving rapidly to firm up LNG resources to drive the project. Before I gave this proposal a 50/50 now it's 80%+ likely it will happen in my opinion. Effect on the SP if the ssLNG goes ahead? 30 cps+ in my opinion.
DYOR