Percentage Clarification?

[Palm]

Assuming the gov't takes its 22.5% and IOC ends up at 30%, that means OSH (per their footnote in the YE presentation) ends up with 17.3484 and that leaves 30.1516% for Total. In their PR Dec 6th Total said they would end up (after the strategic selldown) with 42% before Gov't buyin and 32.5% after. They have since said they could end up with less. So this is very close IMHO to where things will end up. In that PR Total stated that if they ended up at 42% prior to govt buying, they would pay $434 million, and PNG would be kicking in ther share of sunk costs. So in the end IOC ends up with more cash net since the IPI interests were taken out already. With this they can pay down some debt and have plenty for the aggressive drilling campaign.

Anyone see this much differently assuming the above?