05-01-2013, 01:07 AM
$/MCF should be a discounted net present value divided by gross resource. I estimate that using the low resource estimate, the figure is $1.09/mcfe after tax discounted by 10%...or $160/share.
Regarding timing: I am disappointed that the shareholders here aren't more upset with the timing of this deal and the weak way in which IOC communicates. There is a lot of good stuff happening but this deal is the slowest process I have ever seen. Start holding IOC accountable and quit defending the "facts".
Further...if the deal is as Wayne portrays...it's in the governments hands. IOC has made it's choice and is awaiting government approval. I believe FID happens coincident with the deal news. I'd like a more forthcoming appraisal from the company on the process... But for now we are left to guessing.
Regarding timing: I am disappointed that the shareholders here aren't more upset with the timing of this deal and the weak way in which IOC communicates. There is a lot of good stuff happening but this deal is the slowest process I have ever seen. Start holding IOC accountable and quit defending the "facts".
Further...if the deal is as Wayne portrays...it's in the governments hands. IOC has made it's choice and is awaiting government approval. I believe FID happens coincident with the deal news. I'd like a more forthcoming appraisal from the company on the process... But for now we are left to guessing.