'Relker' pid='76122' datel Wrote:

'Kaliboo' pid='76115' datel Wrote:

'Relker' pid='76106' dateline='<a href="tel:1472568 Wrote:If you look with a helicopter view at the selling procedure, you see that only two parties are really interested to buy IOC. These two parties want to expand PNGLNG and are interested in the feedstock. This interest will not wane with a no vote. The advantage of a no vote is that this places the management in a position either to sell part of its leases or sell the company. In my view selling the company becomes more interesting when FID is ready. At that moment more parties might consider to buy IOC and the gas price is probably less depressed.

So how is IOC going to get financing in order to pass FID?  Pre sell their gas at a huge discount???  There doesn't appear to be much market for selling down interest in EA.

I can only say to that: look at the IOC Q1 presentation. Raptor, Bobcat are outside E/A and financial situation is not critical till the end of 2017.

Thank you. Apparently even a well informed group is given to group think.  In this case the new group think on SHU appears to be we have no money left, there is only one option to save at least some of our investment and there are no institutional investors remaining that believe IOC's new discoveries, existing licenses or Total contract have any future value.

'Relker' pid='76122' datel Wrote:

'Kaliboo' pid='76115' datel Wrote:

'Relker' pid='76106' dateline='<a href="tel:1472568 Wrote:If you look with a helicopter view at the selling procedure, you see that only two parties are really interested to buy IOC. These two parties want to expand PNGLNG and are interested in the feedstock. This interest will not wane with a no vote. The advantage of a no vote is that this places the management in a position either to sell part of its leases or sell the company. In my view selling the company becomes more interesting when FID is ready. At that moment more parties might consider to buy IOC and the gas price is probably less depressed.

So how is IOC going to get financing in order to pass FID?  Pre sell their gas at a huge discount???  There doesn't appear to be much market for selling down interest in EA.

I can only say to that: look at the IOC Q1 presentation. Raptor, Bobcat are outside E/A and financial situation is not critical till the end of 2017.

Relker - Right on ! When I look at TRB and their strong potential, (especially Raptor and Bobcat),it is so discouraging to me that the institutional investors have no clue as to their great value .Would be grand if we could somehow "wake them up" as to what riches are below our fine leases.