Arm's Length Transaction=PNG 27.5% Option

[Tree]

Phil's CC statement was an official statement and it has been verified. We won't get another official statement on this from them. Perhaps some reporter will catch wind of this, verify it, and start using the term in articles.
Post CC reports had 'uncertainty of resource equity' and 'doubts over continuity of E/A' as bidder concerns.
Both have now been addressed.