Hession said the company's strategy is on a non-operated LNG development, and that the various agreements signed under previous chief executive Phil Mulacek with Mitsui, Energy World Corporation and Flex LNG had been cancelled.
"We are all about working with an appropriate partner on a non-operated LNG project going forward, and that's evidenced by our negotiations with Exxon. It's very, very important to us that we'll be pursuing the upside associated with our (upstream) assets, and we'll be announcing the mobilisation of rigs and starting up of a new exploration program," said Hession, who added the ExxonMobil exclusive negotiations over the Elk-Antelop gas fields were continuing but did not elaborate further.
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