Oil Search and Exxon make a buy

[jft310]

http://www.lngworldnews.com/oil-search-exxonmobil-buy-exploration-acreage-offshore-png/ 

[johnwgrant]

I wonder how much they paid!!!! That amount per acre would be only a fraction of the value of IOC's acreage outside of Elk-Antelope....

[Stavros]

ExxonMobil won't reveal the price they paid for these deep water offshore achers until after the IOC acquisition is either accepted or killed.

As you imply JWG, the price would value IOC's non-E/A holdings at a far higher value that forking ZERO.

[jft310]

Exactly