'Investor1979' pid='24744' datel Wrote: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.
This is just an assumption, and then a line of reasoning is developed from that assumption.
I can just as easily argue that the seismic work being carried out is "obviously" to see if an early start could be feasible for a joint venture new LNG plant between IOC / OSH/ Total as partners. (this is what I think has a high posibility to happen)