you would think the china or (north asian) option, while an option, is very long term... its not going to happen overnight.
with respect to the png pipeline i dont get too excited about sale contract announcements these days cauz progress in this area has always been three steps forward, two steps back. for instance, did you notice in their latest announcement that they're negotiating with those who had already signed conditional agreements... it was interesting to note that osh's ceo said that volume wasnt the only factor in deciding the FEED decision, it was also up to whether some of these conditional agreements would actually stand up (eg sale with xstrata depends on whether they decide to go ahead with the macarthur project etc)...
i will get excited only when they announce a green light for FEED, not before...
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