06-15-2016, 10:10 AM
From the very beginning of the Transformational Deal, TOTAL has done everything possible to delay the Certification timing.
When the drilling results showed that the "fault" is further to the West than thought, and that large portions of the E/A Resource were better quality than expected, TOTAL refused to agree to drill A-7.
Botten admitted a few days ago that he started his pursuit of IOC immediately after acquiring the IPI share of E/A. He wants the current ongoing Certification payment to be low and he wants the IOC Certification to be low.
Hession tried to push for A-7 to be drilled and failed miserably.
He got TOTAL and OSH to agree to drill A-7 as a consideration in the takeover deal .... BUTT it is not scheduled to spud until AFTER the Deal Vote.
IF THE DEAL IS ACCEPTED BY IOC SHAREHOLDERS, A-7 WILL NOT BE DRILLED ... unless we push OSH to include a Guarantee (with a penalty for non compliance) in the CVR Agreement that A-7 WILL BE DRILLED.
When the drilling results showed that the "fault" is further to the West than thought, and that large portions of the E/A Resource were better quality than expected, TOTAL refused to agree to drill A-7.
Botten admitted a few days ago that he started his pursuit of IOC immediately after acquiring the IPI share of E/A. He wants the current ongoing Certification payment to be low and he wants the IOC Certification to be low.
Hession tried to push for A-7 to be drilled and failed miserably.
He got TOTAL and OSH to agree to drill A-7 as a consideration in the takeover deal .... BUTT it is not scheduled to spud until AFTER the Deal Vote.
IF THE DEAL IS ACCEPTED BY IOC SHAREHOLDERS, A-7 WILL NOT BE DRILLED ... unless we push OSH to include a Guarantee (with a penalty for non compliance) in the CVR Agreement that A-7 WILL BE DRILLED.
Drivel Maven with Personality