Lt,
First off I want to thank you for all the work you put in on the original post. I, as others have stated, recognize the time and effort you put in to the exercise.
I do have some slight issues with some of the conclusions and the acceptance with the $1.00-1.20 range for the selldown. Over 70% on this board who participated in a selldown poll on this forum expect a price over $1.50, and we have long argued the superiority of E/A over Oil Search's fields. Now are these sd numbers based on our own exaggerated expectations? Perhaps but this numbers weren't pulled from thin air and they were numbers that we have repeated on this site and others, perhaps these "fantasy numbers" and talk should have been stomped away sooner rather than later. Had that been the case then the poll results would have been quite different. We all need perspective here and as Jft says we make each other stronger.
http://shareholdersunite.com/mybb/polls.php?action=showresults&pid=12
I agree with Hoosier's comments above, I believe the market is expected a higher selldown number. I trust in management to make the best decision.