05-27-2013, 11:38 PM
I'm suggesting there is no way IOC makes the announcement they made last Friday without assurances or some sort of binding commitment from Exxon Mobil. I believe that the company negotiations had reached a stage where it was necessary to involve the government and we all know when that happens its very difficult to maintain a confidential process. So...we enter "exclusive negotiation" stage which in my view is code for the companies have agreed...but we now need assurances from PNG.
Exxon has a shareholder meeting this week...but perhaps or perhaps not a BoD meeting.
Not sure how to read this or estimate timing as it relates to the 60-day comment from PM...I believe this is a just a political deadline. And I would expect IOC and XOM to have agreements long before 60 days...just my 2 cents.
Exxon has a shareholder meeting this week...but perhaps or perhaps not a BoD meeting.
Not sure how to read this or estimate timing as it relates to the 60-day comment from PM...I believe this is a just a political deadline. And I would expect IOC and XOM to have agreements long before 60 days...just my 2 cents.