'jft310' pid='37913' datel Wrote: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.
Ken,
I was thinking last night about the OSH and Duma announcements and how this cannot be a coincidence. My crazy thoughts are OSH wants to team with IOC/TOT. IOC/TOT want to use the common infrastructure that PNG LNG project has. Duma wants a seperate project. O'neil wants the project as quickly as possible. Thereby, Duma is gone, OSH joins IOC/TOT, and IOC/TOT joins the PNG/LNG project infrastructure. Yes, I know Exxon is a big factor here but OSH has been acting on the PNG/LNG behalf, hence the trading halt to have Exxon and OSH agree to the details, along with PNG, IOC/TOT.
This may be a crazy idea, but it would be huge and the first IOC train design and could start immediately with additional add on trains as the the gas is proven thru drilling.