06-02-2016, 08:09 PM
The question is what are our assets worth ?? What is the proper size of our assets .?! If one believes GLJ has it right then the deal is beyond bad . A Beach law suit has merit where the supoena power of the courts can be used to get to documents that back up a larger deal.
A credible law firm that sees value for themselves would also see value for us because the law firm would collect only a percentage of the increased value .
Their credibility would allow cash to be raised , to ignore the tools that Botten used to build Oil Search with stock offerings seems very strange . Many oil firms have raised equity recently . The buyers of the new shares believe oil prices have bottomed and they with higher oil prices will make a handsome return on their money . Yes it might be new investors with new money . Or it's not over yet . Holding on to the Total deal and a 30 percent ownership in an LNG plant has great merit to Interoil shareholders . The value in Interoil can be properly reached with piece by piece sales .
A credible law firm that sees value for themselves would also see value for us because the law firm would collect only a percentage of the increased value .
Their credibility would allow cash to be raised , to ignore the tools that Botten used to build Oil Search with stock offerings seems very strange . Many oil firms have raised equity recently . The buyers of the new shares believe oil prices have bottomed and they with higher oil prices will make a handsome return on their money . Yes it might be new investors with new money . Or it's not over yet . Holding on to the Total deal and a 30 percent ownership in an LNG plant has great merit to Interoil shareholders . The value in Interoil can be properly reached with piece by piece sales .