"Wanga - and they will be renegotiating that facility with the...

"Wanga - and they will be renegotiating that facility with the oil price having fallen 40% or thereabouts. I think you are hoping irrationally if you think they will be getting better terms on that basis. Sure HZN are telling us that they are being offered great terms, if thats the case why appoint Nomura to look at strategic alternatives for PNG? Also bear in mind HZN told us they would have Stanley on production in 2015 less than a year ago. They have consistently over promised and under delivered."

Ptolemic, they will be renegotiating that facility with 1 million barrels already sold at $95 till 2016, $80 million of Beibu cost recovery projected till 2016, Maari's oil production on the rise, growing oil and gas reserves in China/PNG, strong M&A and drilling activities in PNG. Enough?

Have a look here, buddy, 1-3 december 2014 - were they there just for a cup of tea?: http://www.pnginvestment.com/index.php/program/

Western Province Spearheads Third LNG Project
Mr Grant Christie, Vice President and General Manager PNG Australia, Talisman Energy

Elevala-Ketu Project
Mr Kelvin Bramley, Chief Company Representative PNG, Horizon Oil


SEMINAR 2 PNG PETROLEUM EXPLORATION UPDATE

Mr Rob Grenier, Subsurface Manager, Talisman Energy
Mr Gavin Douglas, Subsurface Manager, Horizon Oil
Mr Richard Schroder, Managing Director, Kina Petroleum