01-29-2014, 11:12 AM
The analysts are pumping the local favorite to get that A$8.55 target. Most it makes sense for OSH to be in IOC's deal is 5% (again, unless they allow IOC/Total to get ownership in PNG LNG) as some sort of bone. Why Total would "owe" anything to OSH in IOC's project when OSH has done nothing as far as discovery for Total is beyond me. OSH on its own is hardly a "strategic" player for us.