02-15-2013, 02:01 AM
The problem is AG has written such shoddy articles in the past (remember the famous "dryhole blowback" term; he admitted he didn't even know what it meant). In this one he compares IOC to Bre-X and says that just because IOC has done certain things that Bre-X did, that it must be a scam. He says, for instance, that Shell etc have not inspected the wells so the resources are very suspect. So he totally discounts on-site testing and verification by Weatherford and Schlumberger? Oooops. He also assumes that Mitsui, and all bidders are idiots after looking at all of the data and the work by GLJ, GK and KR. And the government of PNG must also be in on the scam. And of course OSH, XOM, Total, Talisman.
Another classic is his statement that IOC had no reason to make its end of January announcement that final bids are due by Feb 28th. That's good. So once teh final questions as to the Ant structure have been answered and the government is pushing for this process to come to a conclusion, there is no reason to publicly announce the closing of the bidding process?
AG outdoes himself again.
Another classic is his statement that IOC had no reason to make its end of January announcement that final bids are due by Feb 28th. That's good. So once teh final questions as to the Ant structure have been answered and the government is pushing for this process to come to a conclusion, there is no reason to publicly announce the closing of the bidding process?
AG outdoes himself again.