06-03-2016, 12:57 PM
Art,
That's fair; we can agree to disagree. Just to clarify I was very concerned when OSH trumped Hession by buying the Pac LNG, and I voiced my concern several times on this forum. I was told I was over-reacting and Hession knew what he was doing and made a wise choice not over-paying. I called "bull" on that and voiced concern several more times that he had screwed up. In my mind one of IOC's strongest cards besides the resources was being another PNG company doing anither development.
Hession (as I pointed out) was clearly caught off guard as in Dec 2013 and Jan 2014 he cockily stated things were going well with Pac LNG negotiations and gave at least 2 different dates that the deal would be closed. Of course he never got it done, and IOC had to scramble. If I knew it, Hession knew it. But he would never admit that; he couldn't. But again, we can disagree.
I find it equally counter-factual that Hession nearly from day one had this great evil plan to dismantle IOC piece by piece solely for his and his BOD's gain.
The time for great alarm IMO should have started in Jan 2013, but instead people here said it would be fine. Hession said arbitration would be done in June 2013 and OSH would have to be happy with its minority share and watch as IOC and Total executed the SPA and great riches would be had. If so, why did Total act so ambivalent and report such low number expectations with Ant? That's factual and everyone here howled at Total and OSH. Clearly that was just silliness on Total and OSH's parts. Clearly.
That's fair; we can agree to disagree. Just to clarify I was very concerned when OSH trumped Hession by buying the Pac LNG, and I voiced my concern several times on this forum. I was told I was over-reacting and Hession knew what he was doing and made a wise choice not over-paying. I called "bull" on that and voiced concern several more times that he had screwed up. In my mind one of IOC's strongest cards besides the resources was being another PNG company doing anither development.
Hession (as I pointed out) was clearly caught off guard as in Dec 2013 and Jan 2014 he cockily stated things were going well with Pac LNG negotiations and gave at least 2 different dates that the deal would be closed. Of course he never got it done, and IOC had to scramble. If I knew it, Hession knew it. But he would never admit that; he couldn't. But again, we can disagree.
I find it equally counter-factual that Hession nearly from day one had this great evil plan to dismantle IOC piece by piece solely for his and his BOD's gain.
The time for great alarm IMO should have started in Jan 2013, but instead people here said it would be fine. Hession said arbitration would be done in June 2013 and OSH would have to be happy with its minority share and watch as IOC and Total executed the SPA and great riches would be had. If so, why did Total act so ambivalent and report such low number expectations with Ant? That's factual and everyone here howled at Total and OSH. Clearly that was just silliness on Total and OSH's parts. Clearly.
