04-15-2013, 09:52 PM
'jft310' pid='20720' datel Wrote:Whose to say that PRL 15 will stay the main asset of IOC. We have 3.9 million acres to explore. There is oil somewhere. Some say Triceratops is larger in quantity than E/A. Therefore I can't see the logic of your idea being reality. The shelf offering is a possible debt offering to bridge into when IOC gets the pile of cash from the sell down. Phil M is very frugal with shares and he wouldn't approve giving away 22.5% of Interoil in my opinion without talking to him. Others may agree with your thoughts.