02-24-2012, 10:26 PM
Pet,
From what you've presented, and connecting some dots, I suspect that this is less a sale of existing resources than a future funding agreement.
The up-front money is likely relatively insignificant compared to the commitment to spend in the future -- and perhaps carry some, or all, of Talisman's funding of exploratory wells, etc.
That would explain the seemingly low price relative to OGIP and support the case that this deal tells us zippo about anything relative to IOC's pending transactions.
VS
From what you've presented, and connecting some dots, I suspect that this is less a sale of existing resources than a future funding agreement.
The up-front money is likely relatively insignificant compared to the commitment to spend in the future -- and perhaps carry some, or all, of Talisman's funding of exploratory wells, etc.
That would explain the seemingly low price relative to OGIP and support the case that this deal tells us zippo about anything relative to IOC's pending transactions.
VS