Gassed
This is definetely not a ICN vs BPT discussion for me . I do recognise the upside for ICN if the shake progresses. However I think you miss some key things in your analysis
1 look at the timeframe for ICN to provide a reserve certificate for shantou. Will they do this off one well and in time - my view - impossible. Don't forget there is a huge difference between the 8tcf which is for the whole permit and the reserve that can be booked from one well. Pel 218 has an estimated 30 TCf recoverable and look at what BPT has booked as a resource ( not reserve yet) off two wells
2. How will anyone major develop 40% of a joint asset without BPTs approval go ahead. bPT are more part of the GSA now than you realise. Nothing will or can happen without BPT. Why did BPT takeover ADE, so they don't get In the way of any JV . Similarly ICN can't do anything without BPT
Once again I want you to make a squillion of ICN and I would be happy if your percentage gains are much higher than mine - I hold BPt for downside protection and upside . ICN has a lot more upside but also a lot more downside
Gassed This is definetely not a ICN vs BPT discussion for me . I...
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