10-03-2012, 10:49 PM
'jft310' pid='10643' datel Wrote:O'Neil is a bean counter and he can see Exxon nailed the PNG govt with Exxon getting all their $$$ back before PNG gets paid BIG dollars.Thats not gonna happen again and shouldn't have happened with Exxon. PNG govt should have chosen Petronas but Exxon offered Beach front homes in Port Douglas..PNG govt has a strong interest in a seperate IOC company. They have joint interests.The Super Majors are bully's and Interoil can benefit from a friendly PNG govt. They both win.
jft,
This may come as a shock, but I agree with your entire statement.
Given what you have said, why would the PNG gov't be demanding a SM operator and substantial sell-down to the SM operator as part of any IOC plan being approved?
Why would the keys to E/A be handed over to one of the bullies?
VS