06-16-2012, 04:01 PM
Efi
Let's be direct and look at the slides.This time you and others may have some interesting color but the slides tell the tale. Those slides say its weeks(slide 35) not months for resolution with the PNG govt. One can't go to the PNG govt with out a deal they can approve. Further the slides clearly state the top bids are multiples of the current stock price. So from the slides we know the timing and the price range and most know that Exxon needs NG for its 3rd and 4th train and that their cost structure is over $7 per mcf and that any deal cut with IOC for more NG is accretive to their profitability.The T put into the the Exxon pipeline revealed in Oil Search releases at Gulf Province also should come back up.
So the slides tell the tale. I understand Pet was in attendance and his thought on T-2 etc would be fascinating to read.IOC had the obligation to reveal all of the above and they did. It does us as shareholders zero good to tell a select group things that others don't know about. IOC mgt has delivered again!.
Let's be direct and look at the slides.This time you and others may have some interesting color but the slides tell the tale. Those slides say its weeks(slide 35) not months for resolution with the PNG govt. One can't go to the PNG govt with out a deal they can approve. Further the slides clearly state the top bids are multiples of the current stock price. So from the slides we know the timing and the price range and most know that Exxon needs NG for its 3rd and 4th train and that their cost structure is over $7 per mcf and that any deal cut with IOC for more NG is accretive to their profitability.The T put into the the Exxon pipeline revealed in Oil Search releases at Gulf Province also should come back up.
So the slides tell the tale. I understand Pet was in attendance and his thought on T-2 etc would be fascinating to read.IOC had the obligation to reveal all of the above and they did. It does us as shareholders zero good to tell a select group things that others don't know about. IOC mgt has delivered again!.