08-10-2013, 05:12 AM
'sydbod' pid='26842' datel Wrote:....... try to screw IOC for as low a price for their gas as possible and use the delay tactic for as long as possible. 2) Delay the deal as long as possible so that PNG LNG money goes to IOC as late as possible as the PNG LNG partners don't have much free money left to play with.......
Thanx for the speculation Syd, however your speculation does not match reality. I happen to know that XOM and IOC legal teams have been working extremely long nights and are in direct and constant digital communication. The reality is that XOM is very eager to complete this deal as soon as possible.
<cite>Indoreservoir' pid='26854 Wrote:.....Deal 1: term sheet signed August xx, sales and purchase agreement signed December, closing January
Deal 2: term sheet signed dec Yy, spa signed June, closed August.....
Indoreservoir - thanx for bringing some real life experience to this situation hopefully adjusting reality for some those who do not fully grasp the complexity of the legal work.
Keep it on Ice,
Hemi