03-20-2014, 05:28 AM
'mikesioc' pid='39477' datel Wrote:Chance of PNG exercising its 50/50 option to protect IOC from a buyout that gives PNG everything it wants? Slim to none and slim just left town. Buyout of IOC is far from a flyer for Exxon here. Its actually more of a no brainer. Another dip in PPS and it's a slam dunk. Exxon and Total are just kicking back and waiting while IOC sweats the CC. IMHO.
Not talking about using 50/50 to "protect". If you recall it wasn't there by any means to "protect" IOC. It was to say "We want the option to buy 50% and have our own facility and our own operator should you choose a path we don't like."