12-03-2012, 10:13 PM
Maybe the IOC assets that the PNG govt can op into can be set up as seperate company. And the PNG gvot could then borrow against those assets and buy into IOC a further amount and also use part of that borrowed money to build electric plants and hold those assets also.Remember how much assets Petomin got from the Exxon/OSH deal 1.9% and the IBPC got the balance to secure the loan to Abu Dabai. There is a precedent to spin off assets for financing purposes. More info to come .