'Tree' pid='69739' datel Wrote:[quote='Martinistocks' pid='69736' dateline='1463750056'] Tree that all makes great sense. And I recognized this last night. But after being to the mountain top feels like we was robbed. MH took us all down fiscally, but perhaps he had no choice because of the positions the company was in during the transformational deal and currently. However, perhaps he did not need to spend millions on the other fields and the wells because to IOC and this transaction they meant bupkas (nada, nothing) . Now as an OSH shareholder maybe we benefit slightly on the sale of gas from the other fields or in a sale to their (our new) partner Exxon.
Though not perfect, Hession has done us good. He came in with time running out and hammered a great deal with TOT, great that is, IF we have resource recert upside. Phil always wanted both unrealistic top $/M and to be paid for upside up front. Not happening. Then he fought off OSH arbitration (possibly aided by his own TOT deal framework). He's shown banks why we are credit worthy, he's played as loyal JV partner and delivered us a deal which many of us on this MB have long recommended as making the most sense on many levels for IOC. This deal still gives us the recert upside. I'm not worried about OSH gaming the T count to pay us less. These players are willing to spend bazillions trying to find gas and are more than willing to pay us what is a truly independent recertification #. PNG Gov't will require this, they don't want to be seen as aiding a masive rip-off in their resource development market.
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Still trying to understand this in the context of "either/or". How is this better than staying with the plan that Hession said would make us a $9B company in a few years?