THE DEAL

[Hoosier1]

Hoosier, as to your item #4: "#4 - as to any upfront payments... the improvement to cash will have to be offset on the balance sheet" Are you looking at this as a negative? How would you be expecting the cash to be "offset"? I am not an expert on oil and gas industry accounting, but have been a CPA, and I would expect the cash to correspond to a major credit to shareholders equity on the balance sheet, probably after some lesser reduction of capitalized cost for development of PRL 15 for the portion being sold. There is nothing negative about that.

Get

Not looking at it as a negative... more as the "market" may view it as being a non-issue in share price valuation

I may have incorrectly read/assumed ITs "...carry for the infrastructure..." in providing upfront cash more as a loan... for IOC's expenses for the pipeline and thus to be repaid via future gas, etc...

All in all, I appreciate all of this threads discussion.