RE:RE:RE:RE:Very nice news!Everything will come down to the new deal they will strike with Exxon. If it is positive then the recent press release about the CBM to LNG project will be hugely significant as it provides the path way to commercialization. The way I see this is there is 4 key steps to success here
1. Secure assets - new deal with Exxon - wait and see
2. Funding of work program - how much do they need to finance - this only happen after the new exxon deal is announced
3. Commercialization of assets - moving forward in this direction with another multinational company - must be doing something right - mutlinationals don't randomly sign up on project for the heck of it
4. Sales of assets - this will come after commercialization of asset deal is struck
The price to day will look ridiculous if the can check off points 1 and 2