01-29-2014, 02:54 AM
Just a reminder of the language pertaining to this topic.
"The Elk and Antelope gas fields, two of the biggest finds in the Asia-Pacific region in recent years, were discovered in the license in 2006 and 2009 respectively.
Total and InterOil Corporation retain the flexibility to farm-down an aggregate of up to a 19.3% interest (before any election by the government to exercise its option to join the project with a 22.5% interest) to a strategic partner."
IF OSH were to become a strategic partner, can someone shed some light on how this would benefit Interoil in the near term? I understand it would mean more cash, less cost for the plant, etc. Is this essentially a sharing of the risk by both Total and IOC? Is there another boon to our company that I am missing?
Good luck Longs
"The Elk and Antelope gas fields, two of the biggest finds in the Asia-Pacific region in recent years, were discovered in the license in 2006 and 2009 respectively.
Total and InterOil Corporation retain the flexibility to farm-down an aggregate of up to a 19.3% interest (before any election by the government to exercise its option to join the project with a 22.5% interest) to a strategic partner."
IF OSH were to become a strategic partner, can someone shed some light on how this would benefit Interoil in the near term? I understand it would mean more cash, less cost for the plant, etc. Is this essentially a sharing of the risk by both Total and IOC? Is there another boon to our company that I am missing?
Good luck Longs