Press Release - Timeline guidanceOne thing that I thought was interesting from the most recent press release was that no guidance was provided on the timeline which is a bit of a departure from previous indications. I see that as a good thing in that they are not working to force a timeline but rather have outlined the activities that are required to be achieved before the board will make a decision. That was a much healthier perspective then indicating arbitrary dates.
This is my own speculation, but if I read between the lines, the PNG deal as presently contemplated will not pass regulatory requirements. We may however, get our wish that the PNG SpinCo be established as a public listing.
What I don't like is the amount of time that is going towards "unlocking shareholder value" compared to developing the PNG business and setting the company up to capitalie on the next wave of PNG LNG.
I still think PNG LNG will happen and that HWO will have a role to play. For that reason, I am happy to stick this out as it unfolds.
LR