05-17-2016, 05:56 AM
According to an interview with the Total CEO Total wants to build a LNG factory which can process the gas in 20 years. Therefore it is necessary to drill A7 and probably Antelop Deep. Drilling A7 delays the certification payment with 6 months. Most probably, the drilling result will increase the field size considerably. I cannot imagine that large shareholders will sell IOC to OSH before this test is completed as the IOC value is based on 7 TCF at this moment. Furthermore, I doubt whether the IOC BOD is very pleased with OSH. Considering the fact that OSH has not much cash, this deal will most probably end with a share transaction without cash for the IOC shareholders.
