RE:Very nice news!Yes indeed. By not being able to name the partner I suspect the amount of info in the press release was also constrained. Anyway my take is that CBMA has;
1. found a possible major gas off taker - 50 MMcf/d = 8,333 bbl/d equiv
2. the fact that the off taker is a multinational means CBMA could get project financing for the development reducing future equity raises
3. Proved that the area they have chosen is attractive to multinationals - great for their exit strategy of a trade sale
4. The off take would most likely make CBMA cash flow positive - 50 MMcf/d * 35% ( I think their interest in south kalimantan??) * USD6.00/ Mcf = USD105,000 of revene a day or USD38 mn a year.
This is the type of news I like to hear. Now lets see if they can finalize the Exxon deal
JD