'jft310' pid='29945' dateline='<a href="tel:1381974 Wrote:
'Kaliboo' pid='29940' dateline='<a href="tel:1381959 Wrote:We can all speculate til the cows come home. We will know when we know. My personal guess is the PNG government and associated political infighting is the cause for the delay and/or offers from another bidder are in hand, and that could greatly reset all the negotiations between all parties. I think one thing for sure I am expecting is that the next update from IOC will be either wonderful or extremely upsetting to us longs. I'm not expecting a middle of the road outcome.
Please explain how multiple bidders trying to beat Exxon for E/A NG can in anyway be bad for IOC or any of its shareholders???
The only cause for an "upsetting outcome" would be problems created by PNG gov't, politicians and/or people ((collectively referred to as political risk; one of several risk categories that super majors assess wherever they invest). Additional bidders only have the effect of delaying. More delay has only the temporary negatives we have experienced. But IOC has a reputation of delay and not delivering that compounds the risk and perceptions of risk.