This SPA was designed and agreed to by IOC and Total for IOC to reach its 30% net interest by buying out the minority interests, and, while I am not saying it is impossible to change that, I believe that is the way it will proceed, and that any interest acquired by OSH in PRL 15 will be through its partner Total.
I agree OSH and/or Total could ultimately gain interests in PRL 39, Triceratops. Of course, I believe PRL 39 is already as large as allowable, and therefore apparently could not have PPL 338 area consolidated into it; and we don't yet know whether Triceratops even extends into PPL 338. It seems to me PRL 39 and/or Wahoo could ultimately be gas sources for expansion of PNG LNG and/or an IOC-Total LNG facility. The drill bits will have a big influence on all that.
I agree OSH and/or Total could ultimately gain interests in PRL 39, Triceratops. Of course, I believe PRL 39 is already as large as allowable, and therefore apparently could not have PPL 338 area consolidated into it; and we don't yet know whether Triceratops even extends into PPL 338. It seems to me PRL 39 and/or Wahoo could ultimately be gas sources for expansion of PNG LNG and/or an IOC-Total LNG facility. The drill bits will have a big influence on all that.