Henry explains monetization process

[Palm]

As a follow-up to the OSH info, here is an article from when that transaction closed back in March 2009. Note that the swap of the bonds mention means that IPIC will take the OSH stock in exchange for the bond and at that point become OSH's largest shareholder. If the date of this article is correct as far as when that transaction closed (March 2009) that exchange would take place sometime around next March, right when PNG LNG is expected to start first production. Funny how that worked out. It will be a job well done by XOM and a reason for PNG to be very grateful toward XOM by working together to expand the PNG LNG project quickly. Now all are hoping that OSH's pps (today at A $7.77) gets to A$8.55 by next March, or they get bought out giving PNG the funds to pay off IPIC bonds. Should we be rooting for OSH?

http://www.asialaw.com/Article/2124271/C...funds.html