Interesting Post Courier article; IOC close to deal, Shell interested in chunk

[Tree]

Shell buys 100% E/A, decent $/M, not as high as PRE deal in T-2, big wad of cash for IOC, more as E/A reserves proved and booked.
In exchange, IOC Gulf LNG as proposed is approved, fed by T-2. JKM with hired Operator partners in Gulf LNG.
XOM has deal for dry gas to feed expansion.
More JV's in T-2 a coming.

This ensures IOC is not screwed and IOC will remain as a cash-cow entity with explorationalooza and a big-ass LNG plant of their own. PNG remains attractive to foreign investment, has 2 SM's, and JKM is so hoppy, so velly hoppy.