Either outcome was rightly long claimed by covering analysts as a Win/Win for IOC.

Although never mentioned, same was true for OSH whose pre-doomed attempt to pry pre-emptive rights from IOC/TOT transaction.  Win/Win for OSH.

What motivated OSH to launch the yr. long doomed battle (doomed, if one assumed IOC/TOT inside and outside council were competent) which surely has caused added expense, delay and drag on pps

The reality may be in the best explanation I heard a year ago when OSH challenged TOT transaction.

...'OSH sold the OSH/PNG USB billion dollar PNG loan OSH stake sale  (which funded OSH purchase of PacLNG PRL15 stake and was a WIN for shareholders) to OSH large shareholders by overstating to these large shareholders their chances in winning a pre-emptive rights and control of PRL15 (would be a bigger WIN).  Legal challenge to IOC/TOT, however slim the odds, only a follow through commitment to OSH shareholders.'

OSH won't challenge further, they have a WIN.

TOT is full steam ahead and watch for them to now flood personel and operations to PNG.

Some continue to mis-read TOT's legal standing, comittment and financial strength to E/A LNG by finding monsters where there are none.

We whould be anguishing over standalone 2-4 trains and cutting a strond deal for PNG LNG feed.  That is now what IOC/TOT/OSH will pursue.  Another Win/Win.

'Palm' pid='54888' datel Wrote:Agree. When this Dispute was filed IOC and Total said they were confident that the deal would stand and they would prevail. OSH/Botten said the same and they were wrong. Now the IOC PR clearly states that the decision gives Total both access to PRL 15 and the JVOA. Botten picks at some technical points of execution and makes it sound like there are major hurdles for Total to execute in "transfers", etc. Who should we believe. I was told that Hession is now quite relaxed and "glad to have this behind us." He doesn't seem too be two concerned that things with the JVOA won't proceed as planned with Total.

Could be the reported 'thousands' which have been working on this project and the consistent reports that the JVOA has been cooperating and contributing to the process of certification, scheme and site (from 24 LNG sites to a final 4) with site options down too 4 with final chosen Qto/15 is evidence that TOT/IOC knew the arbitration claim by OSH was CRAP and only to save face.

BTW,  It has been shared that Botten has 'tapped out' on his challenge options.  Sleeper Hold or Arm Bar by Hession??

'jft310' pid='54894' datel Wrote:The little guy with a Super Major in its corner beats the latest OSH nonsense . No stopping the certification now . Botten will give up now and concede IOC gets its project. OSH wins with the build even if it's a Total build. Cash flow is cash flow .

*****

...and the market doesn't care.  Yet another important, positive, catalyst comes and goes as hoped, without a big pps increase.

'CAC' pid='54896' datel Wrote:

'jft310' pid='54894' datel Wrote:The little guy with a Super Major in its corner beats the latest OSH nonsense . No stopping the certification now . Botten will give up now and concede IOC gets its project. OSH wins with the build even if it's a Total build. Cash flow is cash flow .

*****

...and the market doesn't care.  Yet another important, positive, catalyst comes and goes as hoped, without a big pps increase.

Cac - Your statement is true ! This stock never ceases to amaze me .No matter how positive the news is, the pps seems to always react in a negative manner. I wonder how Rex T. will respond to this recent result of the court's decision ? Xom is fully aware of the Wahoo situation (pretty much right next door), so maybe they should just "swallow their pride" and buy the ppl lease that contains Wahoo . [ it sure is a heck-of-a lot closer to them than P'nyang]  and would sure be a lot cheaper to develop. Yeah,I know, MH would not want to sell,but why couldn't a JV be worked out ? Also, there are many other good prospects that are located in that same ppl. ( just some more" out-loud" thinking.......for fun). [ while we "never ending" wait ! ]