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Alias Born 09/13/2012

Re: JB3729 post# 76

Tuesday, 10/09/2012 6:30:36 AM

Tuesday, October 09, 2012 6:30:36 AM

Post# of 230
Thank you for the welcome note...
As regards the possibility of PFC being being bought out,I guess that is always possible.. However the existing arrangements with Statoil,would,I believe,preclude that happening,for the immediate future,at least...
Statoil appear to have "locked in" PFC for the next three years
into an arrangement that will ensure exploration for that time period,through Phases,1-2-3..
As the exploration program advances to a production status, then the capital requirements may necessitate a closer tie-up between PFC and Statoil..
At present there is both a Railway and an under-utilized gas pipeline running North-South,approximately 400kms west.
The question of cost would almost ensure that,if gas production volumes warranted,then a series of "gathering pipelines" taking gas westwards to the existing pipeline,and liquids being trucked to Perth,(the Kwinana Refinery), would probably be the logical way to go..
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