The Crucial Elephant: $/mcf Versus Participation

[sydbod]

OK, so I give the company a value of between $3Billion and $4Billion. (slightly modified approach)
Can anybody give me the number of shares IOC has issued Please? (it is bloody hard to find)

EDIT: scrap the above share count., don't require it. TKS

So we have around $1 to $1.33 per MCF for the gas.

Will be interesting to see how negotiations develop.