We're close...

[ltinvest]

very, very close.  It seems that of the 4 major deal points there is 1 being focused on to complete the deal.

[j4j]

very, very close.  It seems that of the 4 major deal points there is 1 being focused on to complete the deal.

very interesting post.  Can you elaborate?

[ltinvest]

What I understand is of the 4 major deal points that comprise the sell down....3 were pretty specifically agreed upon in the terms sheet. Legal language has consumed a great deal of their time and having both parties agree on the development plan is what should get us to a completed and announced transaction. Look for lots of specifics when the deal is announced.

[Ass0ciatedPress]

Thanks Lt.

[Tusker]

very, very close.  It seems that of the 4 major deal points there is 1 being focused on to complete the deal.

Interesting, a small group of us where treated to a discussion of four major business segments during and after the AGM.

Believe "CF" took notes.

Coincidence... perhaps?

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Bright Future Atire

Cheers

[Spartina]

Loud stripes.

[ltinvest]

Todays market action, posts in other threads, and PNG political comments may be additional signals an annoucement of a completed sell down to Exxon is close.

[CesiumFormate]

very, very close.  It seems that of the 4 major deal points there is 1 being focused on to complete the deal.

Interesting, a small group of us where treated to a discussion of four major business segments during and after the AGM.

Believe "CF" took notes.

Coincidence... perhaps?

" border="0" class="smilie" src="images/smilies/cool.gif" />

Bright Future Atire

Cheers

Tusker,

Here is what I remember of the four parts.

1. An agreement on the amount of gas that XOM wants.

2. Model or Formula on how to calculate the share of E/A based on the delineation wells.

3.  Pricing model per MCF.

4.  Payment schedule for their share and the development commitments.

Best regards,

CF

[Tusker]

very, very close.  It seems that of the 4 major deal points there is 1 being focused on to complete the deal.

Interesting, a small group of us where treated to a discussion of four major business segments during and after the AGM.

Believe "CF" took notes.

Coincidence... perhaps?

" border="0" class="smilie" src="images/smilies/cool.gif" />

Bright Future Atire

Cheers

Tusker,

Here is what I remember of the four parts.

1. An agreement on the amount of gas that XOM wants.

2. Model or Formula on how to calculate the share of E/A based on the delineation wells.

3.  Pricing model per MCF.

4.  Payment schedule for their share and the development commitments.

Best regards,

CF

Thanks CF

Consistant also with the remark I listened to:

" ... 90 percent of this is comman sense."

Makes sense.

Cheers

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