+- 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: Woodside, Oil Search Have Held Informal Talks: AFR Link (/showthread.php?tid=6711)
Woodside, Oil Search Have Held Informal Talks: AFR Link - Gator - 05-22-2014
Woodside, Oil Search Have Held Informal Talks: AFR
2014-05-21 20:22:25.254 GMT
By James Thornhill
May 22 (Bloomberg) -- Woodside Chairman Michael Chaney and
Oil Search Chairman Rick Lee have held informal talks at least
twice on a potential $11b-plus deal, Australian Financial Review
reports citing unidentified sources.
* Talks have been “casual and inconclusive": AFR
* Woodside has concerns over high level of sovereign risk
faced by producers in Papua New Guinea: AFR
* NOTE: Woodside on Wednesday said it had scrapped an
agreement to buy a quarter stake in Israel’s largest natural
gas field for up to $2.6b, see: NSN N5XGWV6K50YD<GO>
Link to article: http://goo.gl/DAcR3k (subs. reqd.)
RE: Woodside, Oil Search Have Held Informal Talks: AFR Link - Palm - 05-22-2014
Thanks Gator. It's been clear for quite a while that Woodside has a real interest in OSH and this proves there's no denying it. Interesting comment on the sovereign risk; seems the bigger sovereign "risk" is whether PNG sees OSH as a "national interest" company that they would not allow to be bought.
RE: Woodside, Oil Search Have Held Informal Talks: AFR Link - Gator - 05-23-2014
I would also think spending Billion$ off the coast in the Middle East would have more sovereign risk than buying anything in PNG
RE: Woodside, Oil Search Have Held Informal Talks: AFR Link - my2cows - 05-23-2014
and how smart would it be to expand operations in Austrialia given their crazy high priced deep water, labor and tax structure.
They could buy IOC for a 1.50/mcf, AND all of IOC's current management IS woodside executives. Just saying... IOC and Woodside executives have a long built-in relatioship.