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betolluvioso

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betolluvioso

Re: ohbull2000 post# 100446

Friday, 02/08/2008 1:48:30 AM

Friday, February 08, 2008 1:48:30 AM

Post# of 159753
yes Ohbull, so much wealth that the prospective pipeline from PNG to Australia was nixed.

You see, it is one thing to have oil and gas reserves. It is another thing to have oil and gas reserves that are economically feasible to harvest.

PNG is a logistical nightmare in terms of bringing oil and gas reserves to production and sale. The idea that Megas is going to waltz into PNG and become a success where Exxon has failed is a bit hard to believe.
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