OSH edited earnings call

[Putncalls]

Art at the AGM meeting this summer Hession stated he hopes that they can eventually prove out 55 T's . Then the Target Capital owner asked a question about that . There's no way Oil Search has the remotest possibility of anything close to 55 T's Right now I love the idea of 10 T's that got Oil Search using C-1 numbers ,a 2 train 3.5 mtpa per train plant . Good place to start in this environment .

I hate to say it but an honest appraisal of Hession's performance to date can only justify the statement that whatever he says is worthless.  That's not to say IOC is worthless, but without a doubt NOTHING that Hession has said or done can be taken to the bank.  Sad but true. Just how would you like to deal with a guy like that who can't be relied upon to give an honest appraisal of the company, its plans or its material activites?

Hession's dream is one of privatizing IOC.

"Worthless" is also a good word for the biased and exaggerated bitter grapes here, also.  Certainly no complete or "honest appraisal".

Good to hear from ya