02-28-2014, 11:24 AM
I agree with this math as well, but also not sure MH orchestrated this. May not matter. Interesting that all this happened as PNG was negotiating with IPIC, DUMA canned and minoritiy partners were up agains it. Sounds like a 3 way trade in baseball with IOC and TOT watching. PACLNG gets paid, OSH gets interest in E/A and PNG gets OSH shares (that they were losing to IPIC). I don't know but not sure MH put this together, perhaps Civelli? In any event, slightly positive for IOC (this deal) but a bigger positive in that it cleans up PACLNG with no dilution and hopefully gets drilling started. Hopefully TOT on board with all this and things simply all come together as many of these loose ends get tied up.