10-02-2012, 04:15 AM
'jft310' pid='10576' datel Wrote:Ebster, A shocker but I agree with VS. The new slides show an even higher potential for new assets to be found on IOC leases. I think the PNG govt wants IOC to go it with them in the development of these super finds. Appears the PNG govt wants Petromin to be a Petronas. IOC has been there when others left PNG and that will not be forgotten. PNG considers IOC a PNG company. That loyalty will be rewarded with this govt. It will take IOC longer for the PPS to get to a takeover deal price today but the longer term price will be much higher as a stand alone company. Look at the slides. Expected cash flow will be $4.5 Billion for IOC owners. One needs patience.
Knock me over with a feather!
It must be some kind of planetary alignment or the effect of the Full Moon over the weekend. LOL
Take care, jft.
VS