+- ShareholdersUnite Forums (http://shareholdersunite.com/mybb)
+-- Forum: Companies (http://shareholdersunite.com/mybb/forumdisplay.php?fid=1)
+--- Forum: InterOil Forum (http://shareholdersunite.com/mybb/forumdisplay.php?fid=4)
+--- Thread: The proper analogy for IOC shareholders current situation (/showthread.php?tid=4078)
The proper analogy for IOC shareholders current situation - Libtardius Maximus - 07-03-2013
There are times in life when you are like a jackass in a hailstorm, you just have to stand there and take it.
This is one of those instances.
Start the countdown clock until we are jackasses no more.
I've got 22 more days according to Peter O'Neill's original 60 day window.
RE: The proper analogy for IOC shareholders current situation - jft310 - 07-03-2013
Best guess new CEO next week and a deal with Exxon within the window of the 60 days. Not an option play!!
RE: The proper analogy for IOC shareholders current situation - Palm - 07-03-2013
Seems Oneill set a Nov 30 deadline for a gas agreement that's still in the works. And that was for his own people. The 60 days was a "should" comment for a process he is only involved with in the end. He wants this to happen quickly like we do, but lawyers have a way of setting their own deadlines. I'm not putting much weight in that "deadline".
RE: The proper analogy for IOC shareholders current situation - Libtardius Maximus - 07-03-2013
So true Palm, but IOC/Xom are not PNG'ers. Given a deadline companies will hit it, politicians will not. I for one will be expecting a 60 day finish realizing where the comment came from. Are there shareholders here that believe O'Neill pulled a 60 day comment out of thin air?
RE: The proper analogy for IOC shareholders current situation - Palm - 07-03-2013
Not saying he pulled it out of thin air, but Exxon is running this process and they said,
"The company did not have a timeline for when a deal could be finalised, but Mark Nolan, Exxon Mobil vice president for development in the Middle East and Africa, signalled it may be soon."
""The expansion opportunities look attractive to us, so I wouldn't expect we'd wait too long," Nolan said, speaking to reporters at an industry conference."
So we have the dreaded "soon". In other words when the attorneys are done.
RE: The proper analogy for IOC shareholders current situation - Relker - 07-03-2013
The period of exclusive talks with XOM last 60 days. It is my take that this period is necessary for the lawyers to work out the deal. Only minor points are left to be negotiated. I hope this time the devil is not in the detail. For strategic reasons they want to negotiate the Gulf project after the XOM project. In the last CC they expect the start of this negotiation is planned in Q3.
RE: The proper analogy for IOC shareholders current situation - Stavros - 07-03-2013
Forrest Gump:
Lieutenant Dan got me invested in some kind of fruit company.
So then I got a call from him, saying we don't have to worry about money no more.
And I said, that's good! One less thing."