Sale $3 Billion for 50% E/A per Liam Fox

[jft310]

PNGreport ‏@PNGReport
@liamfoxpng 50% stake probably = at least $US3B or 6.2 billion kina.


Liam Fox ‏@liamfoxpng
@PNGReport nope, no details on how the govt is going to pay for it.


Ooooh Noooo! Mr. Market won't be happy!!!

Entire Market Cap of IOC is this purchase price for 50% of E/A

[Getitrt2]

Based on the conference call, that is not true, period. No such deal exists or is even being discussed.

[admin]

Based on the conference call, that is not true, period. No such deal exists or is even being discussed.

It doesn't even make much, if any sense in the first place, the 22.5% of E/A should be plenty to cover PNG's electricity generation needs.

[Palm]

Agree. That "industry source" needs to be named or ignored

[jft310]

PNGreport ‏@PNGReport
@liamfoxpng 50% stake probably = at least $US3B or 6.2 billion kina.


Liam Fox ‏@liamfoxpng
@PNGReport nope, no details on how the govt is going to pay for it.


Ooooh Noooo! Mr. Market won't be happy!!!

Entire Market Cap of IOC is this purchase price for 50% of E/A

Form those that sourced PNG Industry news here are the original Liam Fox tweets.

[admin]

PNGreport ‏@PNGReport
@liamfoxpng 50% stake probably = at least $US3B or 6.2 billion kina.


Liam Fox ‏@liamfoxpng
@PNGReport nope, no details on how the govt is going to pay for it.


Ooooh Noooo! Mr. Market won't be happy!!!

Entire Market Cap of IOC is this purchase price for 50% of E/A

Actually, it's 27.5%, the other 22.5% they get at cost

[Tree]

PNGreport ‏@PNGReport
@liamfoxpng 50% stake probably = at least $US3B or 6.2 billion kina.


Liam Fox ‏@liamfoxpng
@PNGReport nope, no details on how the govt is going to pay for it.


Ooooh Noooo! Mr. Market won't be happy!!!

Entire Market Cap of IOC is this purchase price for 50% of E/A

Wasn't this $1.27/Mcf so very long ago before the 'beauty contest'?