06-07-2013, 06:49 AM
Itn-Basic accounting we need a debit and a credit. If Exxon is spending money to delineate the wells in PRL 15 as per the P/R then one needs to account for the money. That adds to the effective price per share
Your list does not account for the a major expense-drilling to now be paid for by Exxon vs IOC. That must be accounted for. Added to IOCs side of the ledger. Increases the effective price per mcf.
Further I was told there would be a pipeline expense which may be different than your explanation. Exxon would pay for the new pipe. Which also would change the effective price per share.
The ownership percentage of the LNG also effects the effective price per mcf.
The beauty will be in the details.
I was told "Best possible outcome"
You say to ignore these Exxon dollar expenditures and concessions but the analysts will not ignore them. They get added to IOC's efffective price per mcf.
Look at Art's reaction to your explanation.
Have a good day.
Your list does not account for the a major expense-drilling to now be paid for by Exxon vs IOC. That must be accounted for. Added to IOCs side of the ledger. Increases the effective price per mcf.
Further I was told there would be a pipeline expense which may be different than your explanation. Exxon would pay for the new pipe. Which also would change the effective price per share.
The ownership percentage of the LNG also effects the effective price per mcf.
The beauty will be in the details.
I was told "Best possible outcome"
You say to ignore these Exxon dollar expenditures and concessions but the analysts will not ignore them. They get added to IOC's efffective price per mcf.
Look at Art's reaction to your explanation.
Have a good day.