How's this for a dream to replace those visions of sugarplums dancing in our heads this Holiday season.

O'Neill stated he wanted Committee formed to negociate terms to report back  by the end of the month (tomorrow). While some call this a  PNG committee deadline, (some=shorts)  perhaps it was a dog whistle for IOC to announce a partner on the last day of the month and giving IOC and partner the day to pop corks. O'Neill blesses and welcomes partner via video cc or statement.

Then Monday O'Neill kicks off the conference by welcoming partner to PNG with champagne toast.

Aldorf elaborates in the afternoon.

Shorts would have one day (tomorrow) or risk holding over the weekend.

A man can dream, can't he?

'Libtardius Maximus' pid='13602' datel Wrote:

How's this for a dream to replace those visions of sugarplums dancing in our heads this Holiday season.

O'Neill stated he wanted Committee formed to negociate terms to report back  by the end of the month (tomorrow). While some call this a  PNG committee deadline, (some=shorts)  perhaps it was a dog whistle for IOC to announce a partner on the last day of the month and giving IOC and partner the day to pop corks. O'Neill blesses and welcomes partner via video cc or statement.

Then Monday O'Neill kicks off the conference by welcoming partner to PNG with champagne toast.

Aldorf elaborates in the afternoon.

Shorts would have one day (tomorrow) or risk holding over the weekend.

A man can dream, can't he?

IOC has almost nothing left to sell to a "partner"?

I believe that dreams do come true Lib, usually only after incredible persistence and belief.

'efi426hemi' pid='13608' datel Wrote:

I believe that dreams do come true Lib, usually only after incredible persistence and belief.

Hemi, your post reminds me of what Mr. Mendez said to Will (the character who was played by our friend we met at the steakhouse in Grand Rapids):

"The greater the struggle, the more glorious the triumph!"

'Putncalls' pid='13605' datel Wrote:

IOC has almost nothing left to sell to a "partner"?

InterOil currently owns 58.6% of Elk/Antelope.  The “sale” of an additional 27.5% to the PNG government would lower that ownership to 38% as it will be a proportional across all current holders.  An additional (real) sell-down of 25% to a third party would lower IOC’s stake to around 20%.  Remember XOM has only a 33% stake in the first project, so InterOil holding 20% would not too far off the norm.

I said “sale” because we need to know the terms to make it official, but InterOil insists the terms must be mutually agreed upon.  The terms would likely be the same as the third party sell-down, but possibly a little lower in exchange for tax breaks and drilling rights extended.

'Gator' pid='13702' datel Wrote:

'Putncalls' pid='13605' datel Wrote:

IOC has almost nothing left to sell to a "partner"?

InterOil currently owns 58.6% of Elk/Antelope.  The “sale” of an additional 27.5% to the PNG government would lower that ownership to 38% as it will be a proportional across all current holders.  An additional (real) sell-down of 25% to a third party would lower IOC’s stake to around 20%.  Remember XOM has only a 33% stake in the first project, so InterOil holding 20% would not too far off the norm.

I said “sale” because we need to know the terms to make it official, but InterOil insists the terms must be mutually agreed upon.  The terms would likely be the same as the third party sell-down, but possibly a little lower in exchange for tax breaks and drilling rights extended.

Thank you for pointing that out. I guess that would leave IOC with about 40% of the initial LNG revenue?

'Orlando' pid='13699' datel Wrote:

'efi426hemi' pid='13608' datel Wrote:

I believe that dreams do come true Lib, usually only after incredible persistence and belief.

Hemi, your post reminds me of what Mr. Mendez said to Will (the character who was played by our friend we met at the steakhouse in Grand Rapids):

"The greater the struggle, the more glorious the triumph!"

Thanx for the reminding me of that Orlando.  I still shake my head when I think about that evening, incredible human being we met that night.

For those who are wondering what we are talking about, check out this link:  http://www.wimp.com/watchingthis/

Remarkable, kinda puts things in perspective.

'efi426hemi' pid='13713' datel Wrote:

'Orlando' pid='13699' datel Wrote:

'efi426hemi' pid='13608' datel Wrote:

I believe that dreams do come true Lib, usually only after incredible persistence and belief.

Hemi, your post reminds me of what Mr. Mendez said to Will (the character who was played by our friend we met at the steakhouse in Grand Rapids):

"The greater the struggle, the more glorious the triumph!"

Thanx for the reminding me of that Orlando.  I still shake my head when I think about that evening, incredible human being we met that night.

For those who are wondering what we are talking about, check out this link:  http://www.wimp.com/watchingthis/

Remarkable, kinda puts things in perspective.

H&H,

Hemi

Thanks for that Hefi.

Now, that guy is a MAN.   And MEN do not whine.   There are always blessings to count and others to inspire and to be thankful for.   Nick's example sure makes those that whine about anything, let alone,  about a volatile stock's pps you freely own or a colorful word a gracious website host wrote (that rightfully and passionately described the subject) look small.  That man with no legs is a giant.