06-18-2016, 01:42 AM
Simplistic to assert TOT/OSH bought into PRL15 initially based upon GCA and GLJ #s. They based their decision to plunk hundreds of millions down on their own internal evaluations.
Only # that now matters is the average of 2 certifiers. Might you run 7.7 T through your analysis and placed into proper context:
IOC financially on the ropes.
TOT showing they are fine with waiting out IOC on re-certification.
LNG mkt ain't half attractive as it once was.
Likelihood E/A gas headed to PNG LNG via an aligned JV's
Very real possibility Papua LNG gets 'delayed' officially.
4 reported bidders in last round and TOT stated to be the best for shareholders.
We've had 2 resource deals and neither were anywhere close to the values brainwashed by Phil.
In retrospect, a very strong case can be made that previous management, PM, should also be considered the target of litigation.
Only # that now matters is the average of 2 certifiers. Might you run 7.7 T through your analysis and placed into proper context:
IOC financially on the ropes.
TOT showing they are fine with waiting out IOC on re-certification.
LNG mkt ain't half attractive as it once was.
Likelihood E/A gas headed to PNG LNG via an aligned JV's
Very real possibility Papua LNG gets 'delayed' officially.
4 reported bidders in last round and TOT stated to be the best for shareholders.
We've had 2 resource deals and neither were anywhere close to the values brainwashed by Phil.
In retrospect, a very strong case can be made that previous management, PM, should also be considered the target of litigation.