next piece of news..., page-16

Would have thought that the LNG project building a gas pipeline to P'nyang would give more options to Santos and the other joint venturers in NGE's old nearby permit in terms of how they might deliver gas from any discoveries - and so making it more attractive for Santos to finalise the deal.

You would also have thought that the PNG government, given low oil and gas prices, would be wanting to encourage any near term development and exploration action, and would be looking to expedite approvals for the deal so that Santos and Talisman (and their new owner) would proceed with drilling with more confidence.

NGE have also previously stated that the sale could only fall though in a very limited (extreme?) set of circumstances; I wonder what they might be.

Cheers

OG