05-01-2013, 05:32 AM
'Getitrt2' pid='21741' datel Wrote:I don't know this for sure, or course, but I'm beginning to think we are down to a final battle/bidding war between Exxon and Total. Maybe PNG wants both and both will end up in a deal somehow. On the other hand, maybe neither thinks there is room for the other!
I am hearing the same thing, that it is down to a bidding war between Exxon and Total. I would have to think that PNG wants another major involved so Exxon does not have so much power, but as to whether they will insist upon it is another matter. Can Exxon offer PNG assurances so that it need not fear domination? Does PNG have a stick it can wield on Exxon if it is too beligerent? I think Exxon wants the resource more than anyone else, as today's SA article wstrongly supports, so WHEN will IOC/PNG decide?!