OSH Q4 Report 1/28/14

[Tree]

"In December, Total SA announced that it had reached agreement with InterOil Corporation to acquire a material interest in PRL 15, which contains the Elk/Antelope gas fields. Oil Search is in ongoing discussions with the key stakeholders regarding a potential involvement in the licence."

[Libtardius Maximus]

Not according to the WSJ. So who is correct here? OSH in Q4 report or WSJ opinion?

[Tree]

"In December, Total SA announced that it had reached agreement with InterOil Corporation to acquire a material interest in PRL 15, which contains the Elk/Antelope gas fields. Oil Search is in ongoing discussions with the key stakeholders regarding a potential involvement in the licence."

"In December, Total SA announced the acquisition of a material interest in PRL 15, containing the Elk/Antelope gas fields, from InterOil Corporation. During the quarter, discussions took place between Oil Search and key stakeholders regarding Oil Search’s potential involvement in the licence. These discussions are ongoing."

**********

Twice mentioned in the OSH Q4 report, ongoing discussions to join PRL 15.  Where there's smoke there is typically fire.

[Tree]

"In December, Total SA announced that it had reached agreement with InterOil Corporation to acquire a material interest in PRL 15, which contains the Elk/Antelope gas fields. Oil Search is in ongoing discussions with the key stakeholders regarding a potential involvement in the licence."

"In December, Total SA announced the acquisition of a material interest in PRL 15, containing the Elk/Antelope gas fields, from InterOil Corporation. During the quarter, discussions took place between Oil Search and key stakeholders regarding Oil Search’s potential involvement in the licence. These discussions are ongoing."

**********

Twice mentioned in the OSH Q4 report, ongoing discussions to join PRL 15.  Where there's smoke there is typically fire.

" Discussions were ongoing during the quarter regarding Oil Search’s potential involvement in PRL 15 in PNG, which contains the Elk/Antelope gas fields."

**********

Huh, make that thrice mentioned in the OSH Q4 report.  

[cybersssss]

So why is this a positive for Interoil?

[Tusker]

So why is this a positive for Interoil?

Well.well.well... as PRE mentioned - ... if they are not talking about you, than you are not relevant.

Could be the three "R"s

And them ain't readin,writin,and rthmitic.

Big Picture

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[ltinvest]

My goodness. Exxon wanted E/A gas, Shell wanted some, Total bought some, and now OSH is in ongoing discussions to buy some E/A gas. Why does everyone want to buy this gas IOC has discovered?!

[jdeo1969]

Any thoughts regarding how XOM feels about OSH potentially partnering with IOC and Total? Meaning, for it or against it? Is this a potential way to supply the 3rd train in their project? Or is this OSH wanting to take a piece of the IOC/Total project?

Good luck longs

[ltinvest]

Great question jdeo. I would lean towards the former over the latter. But in the big picture., it shows how those who know what they are doing and what they're talking about feel about the gas in PRL 15.

[jdeo1969]

Very true LTinvest. I think if nothing else those that have had eyes on the data know what is there, another reason I believe Total wants this deal closed ASAP to secure this resource. It also speaks to the structure of the deal and "preserving the upside" for IOC.

Good luck longs