06-17-2014, 08:00 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).
I think getting results from Wahoo and identifying a discovery is material information they would be required to disclose and could not sit on and keep secret for 30 days.
In December with the news on the SPA, IOC also announced an agreement giving Total an exclusive right to negotiate for farm-ins on all the leases, and no expiration date was given. I don't know how they could be "holding substantive sell down discussions with several potential partners" unless that agreement with Total has expired.