06-02-2016, 05:52 AM
'sageo' pid='71245' datel Wrote: 2126 - Part of last sentence " Mr. Mulacek's departure has delivered results for shareholders" . What kind of a person writes this kind of crap ? Results in pps under MH has been disasterous !! I guess some of these "glorious idiots" believe we will swallow anything . Hope a better offer is "around the bend" .
I'll answer that question. A misinformed person writes that kind of crap.
Email the writer and suggest where her article might need an update. Hession gave no public indication of need to sell down IOC to finance its share of Papua LNG. You can point her to IOC's Goldman Sachs' Energy Conference of Jan 6-8, 2016 presentation by IOC, slides 16-17 that demonstrate IOC's financial strength on the path through Papua LNG construction afforded by the Total SPA. You could suggest to her that IOC points out in that presentation they had multiple discoveries and promising leads in areas outside PRL-15, over 90% of which would be transferred to Total and OSH under this deal without any apparent consideration.