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TuMaRu

01/12/22 9:27 AM

#1057 RE: Mr B #1056

Thanks and appreciate your input. Agreed that 2020 covid crisis was not foreseen by anyone. The whole year, in fact last 18 months have been a waste of time, money, effort for companies and people alike.

My concern is how long does it take for TELL to wrap up a deal with banks. They're not the only ones chasing this pot (of gold). Many others started construction on their LNG projects and some even started exports. Field has gotten very crowded. Annova put an end to their FID, and Next Decade delayed theirs to 2H 2022. TELL, with all the previous delays, any additional hurdle or roadbump will absolutely destroy them.

The other issue is how exactly they plan to produce or acquire the feedgas (NG) needed for their Upstream operations . This is the pre liquefaction stage they essentially gather gas and store it. Anyway lets see how it pans out. 3-4 years of delays is lots of sunk cost and opportunities foregone!