Energy giants converge on PNG as exploration activity increases

[jft310]

Interoil has the choice here.The bidders list was preapproved.IOC does not have to chose the highest bidder but may chose the best bidder or the best fit for whats best for IOC which includes the shareholders, I can't see a scenario where further a alliance with Shell is in IOC's best interest. I would tell them they are already in the IOC project through their Petromin interest and select another set of partners.Someone like Kogas and Japex and Mitsui.