IPBC to buy back OSH shares and will raise funding for Train 3

[Stavros]

I think we've seen a few different posts informing us that international banks are also approaching IOC with unsolicited offers to provide financing for participation in both the PNG LNG Train #3 and Gulf LNG projects.

At 30 percent equity and 70 percent project financing for 7 years, IOC will have plenty of cash available for drilling after allocating part of the sell down proceeds to the projects.