“We have not made any contact because we’re waiting for the two governments to sort things out. It looks like they’re moving positively in arriving at something. But of course, we don’t know; we are not a party to their discussions. From what we gather, it’s a positive development, especially the last visit of the president in China,” he said.
So the 60/40 split is ph 60%? China 40%? I assume that but wasn't clarified.
If they find 10tcf in sc72. ... an extra 10% for ph is a big deal compared to a 50/50.
If it's 20 tcf. The high end expectation. That extra 10% is almost another Malampaya. There's lots at stake here. With the arbitral win he could have had the USA navy protect them for a 100% ownership. A 70/30 split would have been a more nogotiatiable number to start with. Deterrent has zero negotiation skills. He needs a few lessons from trump.
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