11-12-2013, 08:54 AM
'TxPm' pid='31373' dateline='<a href="tel:1384208 Wrote:Anyone that expected a partner announcement today hasnt been following IOC for long enough. Personally I am quite pleased with todays report. Partner announcement by EOY should boost the pps considerably over the next few weeks. Drilling plan and financing addresses two of biggest issues I have heard from people. Cash should no longer be an issue for the firm as we have financing in place now to hold us over until the SD. The new drilling plan has IOC doing what IOC does best and that is finding the gas & hopefully soon Oil. 2014 should turn out to be the year IOC's pps finally begins to trade at fair value
Very well said!! This fits the rationale previously noted very well restated here:1) Hession comes on board and doesn't like the terms he sees. 2) he sees that he needs to stall until exclusivity expires. DONE. 3) he now has freedom to work a much better deal with multiple SMs which has taken a lot more time and work to evaluate. ALMOST DONE 4) he is preparing the rest of the business to quickly expand the resource base to start queuing up a series of opportunities and deals in the project delivery funnel. IN Progress. This last.step gets repeated over and over. When the market fully wakes up to this reality of the huge value potential and few shares that are available it may go nuclear. I believe!