09-09-2015, 02:26 AM
Palm- whoever makes the first bid , it will not be the final offer . A bidder better know their max number cause they will find themselves in a war . How do we know this ?? Look at the monster investment banks who follow little ole Interoil , their coverage gives them access and more than one monster bank will sell Interoil to their client as a good buy . The banks are following Interoil to make money . I doubt if Total makes the first move for the reasons I stated but that's not to say they will not be a bidder . Yes I expect an offer near certification . Will the offer be sweet enough to get BOD approval then shareholders interest . ?
A low ball goes no where that's why they ran all the seismics outside PRL-15. So they have reasons to hold on as an independent firm . Develop the assets do more sell downs . Will they get the chance? Will the government protect Interoil? These Super Majors all left PNG in the past and Interoil stayed and found all these assets . That has never been forgotten . The government is a hurdle .
A low ball goes no where that's why they ran all the seismics outside PRL-15. So they have reasons to hold on as an independent firm . Develop the assets do more sell downs . Will they get the chance? Will the government protect Interoil? These Super Majors all left PNG in the past and Interoil stayed and found all these assets . That has never been forgotten . The government is a hurdle .