You may still be on holiday but I hope you are glancing at HotCopper occasionally.
I'm new to NGE. I gather that its main assets are land permits in PNG with prospects of finding large quantities of natural gas. The trouble is I've been reading reports that big projects regarding LNG -namely those of Woodside and Origen/Conoco Phillips are likely to be delayed.The reason is that there has been a slump in LNG prices and signs of oversupply. New contracts are being signed at increasing discounts to oil parity because its becoming difficult to secure buyers.
Do you have any comments on the situation? Does this affect NGE's long-term prospects? Btw what is your idea of long-term in respect to NGE?
Thanking you in advance Regards Dang
Dang
NGE Price at posting:
11.5¢ Sentiment: None Disclosure: Not Held
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