12-07-2013, 06:42 AM
["I believe the discrepancy is that Pavel is not adding back in the $2.59B. He indicated he is ascribing no value at this time for the new plant...which is what IOC will own 30% of eventually."]
Thanks, but that doesn't make sense to me.
Having 30% of a license somebody just paid you $4.1B for 47.5% of it is worth nothing? The value of the license depends on the recertification (and the assumption by Pavel is that it delivers the same number as GLJ P50), not on whether IOC has any stake in the LNG plant..
Thanks, but that doesn't make sense to me.
Having 30% of a license somebody just paid you $4.1B for 47.5% of it is worth nothing? The value of the license depends on the recertification (and the assumption by Pavel is that it delivers the same number as GLJ P50), not on whether IOC has any stake in the LNG plant..