Veresen Inc. T.VSN.DB.B

RE:Brent Crude Oil Linked LNG Contracts

[glacierman]

Good article.thanks for the link.    This clearly shows that Don Althoff was counting his chickens a bit early.   That's a rookie mistake.

Don Althoff, Veresen's president and CEO, spoke with confidence during a (March 2014) conference call following the U.S. Department of Energy’s Monday announcement (of export approval).

“I don’t think this is going to be a problem to finance,” he said of the $7.7 billion project approximately $1.1 billion of which is project financing, owner’s cost and interest incurred during the four-year construction period.