06-16-2014, 03:31 AM
'Stavros' pid='45082' datel Wrote:I maintain my opinion that IOC has known the results for over 30 days and that they will announce Wahoo as a major "Discovery" in due course Furthermore, I believe they're holding substantive sell down discussions with several potential partners. Publicly wevealing the Wahoo drilling results could potentially disrupt final negotiations with the selected winner. When the partner is selected and the deal is done, we'll see a Whopper Wahoo Weveal (as Elmer would say).
Can anyone tell me how secret negotiations could maximise shareholder benefits? Seems to me if you want the best pricing you maximise the universe of possible buyers. I remain convinced the reason Total got the deal they did was PNG insistance that only a supermajor would be allowed as IOC's principle partner.