Thanks everyone for a good discussion.
Let's be clear, there are no angels here. Phil could not cut a deal, and Mike cut the deal but can't seem to get it implemented (at least in a timely fashion).
Steve, I tend to think along your lines of thought concerning IOC but I think there is a reason why. From my POV, this discussion is happening because we do not have a clear vision from the current IOC management on where we are heading. Basically, we are walking into the abyss hand in hand and IOC management is saying, trust us. However, the trust factor is wearing thin, because of missed deadlines and lack of funds.
2126 and Kaliboo, while I do understand what you are saying, we must be realistic with our funds available. This was sort of like when my wife and I went house shopping; she showed me what she wanted, but I had to show her what we can afford. Kaliboo, your post about sharing work activities actually got me thinking if IOC can remain a seperate company. If our spend rate has to remain where it's at to develop Papau LNG (and I suspect go up), then maybe we should sell the company. And if that is the case, sooner is better than later.
Just my thougts.