If you were Total wouldn't you ask for first rights to IOC's other license areas to try and lock up that cheap source of adjacent gas? Yes, and they did. But they let rights expire because the ask was? Too expensive on same terms. Hession is quoted as saying deal on same terms or better six months after discovery. Is that likely? IMO no. Due to market conditions Total likely will do deal on lesser terms.
If they do, great. I'm not planning on it; let them surprise us with an over-deliver.
If they do, great. I'm not planning on it; let them surprise us with an over-deliver.