01-31-2014, 01:12 AM
'steve3752' pid='36835' datel Wrote:Is anyone concerned about the concept of the minority receiving part of the upside from new drilling as was just stated?
Unless they contribute to the new drilling, why would they be entitled to any share in new drilling?
I am missing something? It would seem they own what they paid into and what has been found to date.
I'm not concerned.
TOT is providing IOC/PAC LNG/IPI recertification drilling as well as a 'wild card' well chosen by IOC/PAC LNG/IPI.
It makes sense PAC LNG/IPI should maintain their % of upside if they sell out today.
I would expect PAC LNG/IPI to receive the sameish deal that IOC has with TOT, and possibly a premium to that deal.

