RIFT OIL, Drilling for Oil in Papua New Guinea

LOL Hp,

Just testing it out? Good strong finish and there could be some late delayed buys to be reported. I have a gut feeling that they believed this is worth a separate report, not just mingle it in with the interims therefore the separate releases. Whwn you listen to the report in the WSJ they certainly are looking at Douglas as the potential hub of the gas gathering facilities. There are a number of ways that RIFT could commercialise this. LNG, GTL, Ammonia, Fertilizer or other Petrochemicals. If you look at ALK they have commercialised small amounts of waste coal mine gas, Rift are sitting onshore on potentially several hundred BCF + condensate. We could well hear about the rig tomorrow too.

Regards,
Ed.