04-11-2015, 01:24 AM
'Getitrt2' pid='56822' datel Wrote:I would say any buyer would have to assume PRE's contract obligations to IOC on the 12.9% gross interest, which I believe is relatively lucrative. Therefore, that represents a monetization by IOC I doubt they will buy back, unless the price is just too cheap, which I would not anticipate. Let's hope Total pays up for it, unless some new desirable partner is ready to pay a high price for it to get into the Eastern Papuan Basin.
Agreed. Total has interests in Oil Search PPL's. Exxon has interests in Oil Search PRL's. Would be very pleased to have Total aquire interest in Interoil's PRL.
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