02-25-2014, 09:59 PM
One scenario . Totals deal with IOC remains the same. Oil Search buys this percentage from total. Would put a valuation on the e/a project of $6 Billion . Implied valuation of $120 per share for just E/A. Alas we have no details just scenarios.IOC could deliver the minority interest to Total and borrow the money from the banks until they were paid their resource payment. Need details.