Deal presentation

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According to The Street:

"If that deal completes, Oil Search will then sell 60% of Inter Oil's stake in Elk-Antelope, the main asset, and a further 62% of Inter Oil's exploration assets to Total. The French company will pay about $1.3 billion cash for the assets, equivalent to the implied value paid by Oil Search, and will top up the payment with an additional $372 million to buy InterOil's stake in the nearby Papua New Guinea LNG project, which is operated by ExxonMobil (XOM)." Source: https://www.thestreet.com/story/13579305/1/interoil-succumbs-to-oil-search-total-breakup-deal.html?puc=yahoo&cm_ven=YAHOO