New Article

[Palm]

The price will go back down if the deal is voted down because it's only where it is now because of the negotiated deal. Simple logic. And IMO should the deal go bye-bye without a pending new deal, pps will drop into 20s as rumors of deals got it over 30 prior to the announced deal. And if the deal goes down it's very possible Total finds ways to delay Ant 7 drilling/testing and the cash bleed would continue. Then you have possibility of Hession being gone and no one wanting to come sit in the chair. Cash would very much be affected by a deal being voted down. Very much.

All of what you say is likely true, but I still choose to believe when Total's CEO says A7 will be complete and certification in progress by the end of this year it will happen. In fact, I suspect that OSH and Total might choose to stop the well in progress and/or proceed immediately to certification.  After all, it was Hession that pushed for A7, not the others.

The implications of voting No in the event the current board is retained needs to be a major topic of conversation.  Demanding immediate access to the details of the OSH appraisal for Pac LNG is first order of business. Plan that any farmdowns will of neceissity consider that liquidated damage clause and thus may be limited in size.  Hession will somehow have to be removed.

The discussions of lawsuits/discovery, demanding "immediate" access to details have to be thought of in the light of reality. People talking about discovery, etc. must realize that this normally is not a quick process. It can take months and months. During that time all progress activity likely comes to a standstill because of uncertainty. Think about the Arbitration that OSH perpetrated; a fairly simple matter overall. IOC/MH said it would only take 3 months. Ended up close to a year. In the mean time, cash gets spent, pps drops ........... It's business.