i know i keep repeating myself, but IF the the GSA is executed (subject to ICN meeting reserves etc), and IF the other Chinese J/V party is a credible Chinese O&G player, this share will bolt. got no idea to where - but UP!
its amazing - all the stars seem to be aligning at the moment wrt to ICN.
1. LNG demand already strong- but Japanese situation has given m/t demand a big kick in the bum
2. aforementioned kick will spur Chinese to lock-in supply
3. potential for LNG export terminals out of SA given credibility by BPT pronouncements and work in shale gas area.
4. value of ICN permit ATP855 beomes really obvious now that Beach has started to fight for its alleged J/V agreement. As Gassed said, BPT are fighting to get IN!
so things may well start to line up - about bloddy time imho!
cheers
i know i keep repeating myself, but IF the the GSA is executed...
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