OSH/PacLNG Deal Details Reported

[steve3752]

The point is that originally it was thought that IOC would retain 30% and have to pay the IPI investors out of pocket.

Now Oilsearch will own 22.385 %.  Meaning  IOC still does not own 100%.  Sure they do not owe IPI.  But they own 77.615% before selling 61.3% to Total.

That leaves 16.319 before any government buy in the way I see it.

If the government buys in 22.5% that leaves 12.644.

Just my opinion.