*DJ Total, InterOil Near Deal to Develop Papua New Guinea Gas-Sources ------------

[jft310]

.....  If the maximum price is $3.6 Billion is that for 70% of the Elk and Antelope?

$3.6b for apprax 50%

Puts it closer to 70-80c/mcf

Values just E/A at $7 billion . 50 percent upside for just E/A ., then add in cash flow for LNG , and all the other prospects

its a great deal . Gas no longer stranded.

It's now monetized with assets to be placed on the books.