'sydbod' pid='24737' datel Wrote:Thank you ADMIN for your position on the matter. @ jft310, I do not have access to the full document you talk about as the link you provided goes nowhere when I try it. Maybe the document is behind a pay-wall or some such thing, but I would very much like to see the full document. Your concern about ".OSH has HUGE motive to lie about IOC to deflate the IOC stock price as they did to Citi and then to partner with a Total type and make a run at IOC" is not something I would think seriously about since OSH is now financially strapped for money until their share of LNG returns start to come in some time late next year. Even then, they will be strapped for cash as they will require raising another huge amount of money for their share of train 3&4 expansion. OSH is just too small and too poor to take a run at IOC. Even if OSH wanted to be the big bad boogiman, they are not in a position to be one. About your comment of " How did you miss this key find of Elk Antelope in 2009" , yes I did realise the field was found and IOC was probably also mentioned, but there was no reason for me to look seriously at it as OSH and STO had no presence in that area of PNG, and there was no serious talk about that gas coming on line in the near future. Therefore IOC was a non entity for me at that time and there was no point in remembering or even seriously noting its presence. My estimation at the time looks to have been correct as that gas still has not been commercialised. My entry into IOC very recently also looks to have been a good decision since that gas now looks to be targeted for commercialisation.
OSH may be cashstrapped, but, Total isn't. If they are spending on seismic surrounding IOC's discoveries , they obviously would " love " to have IOC's currently certfied resources, since they may have already made a bid. As a financial decision, it appears that it would be the much better decision to buy all of IOC, than just some of its assets. i.e. Paying only $200 /share would be paying about $1.70 a certified mcf. Plus you get the bulk of TRI for free ,plus the refinery and all other potential targeted fields. Very attractive to OSH/TOTAL or any number of many cash heavy majors, NOCs, etc.
Those who" found " and researched IOC following their Elk announcements were able to buy IOC at around $20. I think that would have been a much better entry point for investors. SP sure had been volatile thru the lst 4 years, but, very worthwhile as an investment.