Mr Maximus:
At 9.9 Tcfe, the payout from TOTAL is $1.717 Billion PLUS $0.517 Billion at FID = $2.234 Billion
At 11.8 Tcfe, the payout is $2.480 Billion PLUS $0.517 Billion = $2.997 Billion
So if there is 11.8 Tcfe (GLJ's High Case which, according to Pinkus is now the Mid Case) then Woody would acquire IOC for a net cost of $0.003 Billion . . . AND own lots of pearls and other trinkets.
Nice deal for $3 Million!
Now you can see why Botten says his deal is good for OSH.
At 9.9 Tcfe, the payout from TOTAL is $1.717 Billion PLUS $0.517 Billion at FID = $2.234 Billion
At 11.8 Tcfe, the payout is $2.480 Billion PLUS $0.517 Billion = $2.997 Billion
So if there is 11.8 Tcfe (GLJ's High Case which, according to Pinkus is now the Mid Case) then Woody would acquire IOC for a net cost of $0.003 Billion . . . AND own lots of pearls and other trinkets.
Nice deal for $3 Million!
Now you can see why Botten says his deal is good for OSH.
Drivel Maven with Personality