OSH/PacLNG Deal Details Reported

[Tree]

This is a deal between OSH and the shareholders of PacLNG.  The only difference for IOC is perhaps a new read on the value of E/A.  It appears IOC's ownership of the resource is unchanged from yesterday.

I'd love to hear from IOC too, but what can they say?  Maybe that the IPI issue is settled?

Exactly right jimi.  I do not understand why SHU posters freak out today and not yesterday as IOC's PRL15 ownership % has not changed.

Now settled is IPI take-out and that was requirement to IOC/TOT closing.  Hession maintained the IPI transaction would be a pass through and it was.

At issue is about 2.5% which can be debated by us without any information as to the ultimate deal make-up between IOC/TOY/OSH/PNG.

IOC is not bent over a barrel as far as I can smell.