05-22-2016, 10:12 AM
Also, during the presentation just to relay again they said OSH gets everything in the SPA. So IOC shareholders will get 14-20% of the SPA payments certification, FID, secondary payments, and 29% of the gas plant. OSH shareholders just stole our cheese. Obviously, not good but just reporting what was said.
So my big question is if they are starting at 6.2T's the CVA start for anything above and Botten has never gone beyond 7 the whole time Hession was saying mid-case is 9.9T and perhaps maybe if we get lucky ANT 7 gives us 1 or 2 or 3 more T's. If Botten is correct or was this a setup by the two of them. One being overly optimistic and the other pessimistic and the numbers prove out only at 7 just enough for two trains. Love the conspiracy theories. But Hession really smells bad on this if it is only 7 and Botten has to shell out a bunch of cash if we hit 10-12TCF. At 10.2 we get another $24 US dollars and then the deal turns out just OK but better than if he was wrong all along at 7 and that was all a setup.
In the end I think if the deal goes through we are part of a company that will have two gas plants producing and the real only outstanding issue is that Hession not be part of OSH. If that stays true to form it will be much less hard to swallow the whole deal.
So my big question is if they are starting at 6.2T's the CVA start for anything above and Botten has never gone beyond 7 the whole time Hession was saying mid-case is 9.9T and perhaps maybe if we get lucky ANT 7 gives us 1 or 2 or 3 more T's. If Botten is correct or was this a setup by the two of them. One being overly optimistic and the other pessimistic and the numbers prove out only at 7 just enough for two trains. Love the conspiracy theories. But Hession really smells bad on this if it is only 7 and Botten has to shell out a bunch of cash if we hit 10-12TCF. At 10.2 we get another $24 US dollars and then the deal turns out just OK but better than if he was wrong all along at 7 and that was all a setup.
In the end I think if the deal goes through we are part of a company that will have two gas plants producing and the real only outstanding issue is that Hession not be part of OSH. If that stays true to form it will be much less hard to swallow the whole deal.